Spencer Brook, MN is an exciting, affordable place to live. With a two-bedroom rental rate of only $1,270 per month, it is much lower than the national average of $1,430. The grocery cost index is also lower at 99 compared to the US rate of 100. Spencer Brook has plenty of local businesses and amenities to enjoy. Popular companies include Country Bank & Trust Co., Bakken Oil Inc., and Stromsburg Truck & Implement Co., Inc. Residents have access to multiple parks for outdoor recreation as well as indoor entertainment venues like the Fandango Movie Tavern and Escape Rooms Minnesota. With its low living costs and great local services, Spencer Brook is an excellent choice for anyone looking for a home or a great place to visit.
Spencer Brook has an unemployment rate of 6.2%. The US average is 6.0%.
Spencer Brook has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Spencer Brook
- The Sales Tax Rate for Spencer Brook is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Spencer Brook 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 Spencer Brook
- The average income of a Spencer Brook resident is $28,466 a year. The US average is $28,555 a year.
- The Median household income of a Spencer Brook resident is $94,444 a year. The US average is $69,021 a year.