Spruce Hill, MN is a small town located in the north of Minnesota. It is known for its friendly atmosphere and close-knit community, with a population of just over 1,000 people. The cost of living here is comparatively low, with two bedroom rent costing only $850 compared to the US median of $1,430. Even groceries here are more affordable, with an index of 100 versus the US average of 100 as well. Several local businesses have opened up in Spruce Hill since its founding, including H&R Block Tax Services, LB Dunn Appraisal Company and Cenex Convenience Store. Local residents appreciate these businesses greatly for their convenience and friendly service.
Spruce Hill has an unemployment rate of 4.1%. The US average is 6.0%.
Spruce Hill has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Spruce Hill
- The Sales Tax Rate for Spruce Hill is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Spruce Hill 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 Spruce Hill
- The average income of a Spruce Hill resident is $30,470 a year. The US average is $37,638 a year.
- The Median household income of a Spruce Hill resident is $66,771 a year. The US average is $69,021 a year.