Spicer, MN is a small town in Kandiyohi County located in the state of Minnesota. This quaint little city is often considered an ideal place to live for many due to its affordable rent and cost of living. The average 2 bedroom rent in Spicer, MN is $700 which is much lower than the US average of $1,430. Additionally, the grocery cost index in Spicer, MN is 100 versus 100 in the US which confirms that living expenses are much lower compared to other parts of the country.
As a growing community, Spicer offers various amenities for locals and visitors alike. There are many local businesses such as Wapiti Orchards & Market, Gull Dam Brewing Company, J&K Furniture and Appliance Center Inc., Schmitty's Bar & Grill, and many more that offer delicious food options and quality services for residents throughout rural and urban areas nearby.
Spicer has an unemployment rate of 4.9%. The US average is 6.0%.
Spicer has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Spicer
- The Sales Tax Rate for Spicer is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Spicer 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 Spicer
- The average income of a Spicer resident is $30,583 a year. The US average is $28,555 a year.
- The Median household income of a Spicer resident is $64,773 a year. The US average is $69,021 a year.