Searles, MN is a small city located in Minnesota with a population of around 741 people. It is known for its affordable cost of living, with 2 bedroom apartments renting for $1,010 per month compared to the US average of $1,430. The grocery cost index in Searles is 97 compared to 100 nationally which indicates that food costs are lower than other places in the United States which contributes to the lower cost of living. There are several local businesses in Searles including a hardware store, local small businesses like gas stations and convenience stores, and family owned restaurants. All these factors make Searles a great place to live for families looking for an affordable lifestyle.
Searles has an unemployment rate of 4.8%. The US average is 6.0%.
Searles has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Searles
- The Sales Tax Rate for Searles is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Searles 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 Searles
- The average income of a Searles resident is $44,578 a year. The US average is $37,638 a year.
- The Median household income of a Searles resident is $105,625 a year. The US average is $69,021 a year.