Sauk Rapids, MN is an ideal place to live for those looking for a comfortable lifestyle without too many expenses. The average rent for a two bedroom apartment in Sauk Rapids is $1,250 a month, compared to the national average of $1,430; making it an affordable option for families. Besides rental rates, the grocery cost index in Sauk Rapids is 98 versus 100 in the US. Local companies like Central Minnesota Credit Union and BTD Manufacturing are an essential part of the local economy and can help you with any financial questions or needs. In conclusion, Sauk Rapids offers a low cost of living compared to other US cities while still maintaining its ideal location and job opportunities.
Sauk Rapids has an unemployment rate of 6.1%. The US average is 6.0%.
Sauk Rapids has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Sauk Rapids
- The Sales Tax Rate for Sauk Rapids is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Sauk Rapids is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Sauk Rapids
- The average income of a Sauk Rapids resident is $23,970 a year. The US average is $28,555 a year.
- The Median household income of a Sauk Rapids resident is $59,960 a year. The US average is $69,021 a year.