Stanley, MN is a small city located in the United States. The cost of living in Stanley is very affordable compared to other cities, as evidenced by the 2 bedroom rent which comes at a rate of $850 versus the US average rate of $1,430. Additionally, grocery costs are also low with a Grocery Cost Index of 97 compared to the US average of 100.
Living in Stanley offers many amenities and attractions for its residents. Popular local companies include B&B Lumber Company, J & M Manufacturing Company, and WLM Dairy Supply Inc. There are also plenty of outdoor activities such as camping and fishing at Lake Alexander State Park or golfing at Ridgewood Golf Club. For those looking for cultural attractions there’s the Stanley Museum that has a wide selection of artifacts from Stanley’s history. Additionally, there are numerous restaurants and shops for those looking to explore downtown Stanley.
Stanley has an unemployment rate of 4.2%. The US average is 6.0%.
Stanley has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Stanley
- The Sales Tax Rate for Stanley is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Stanley 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 Stanley
- The average income of a Stanley resident is $28,329 a year. The US average is $28,555 a year.
- The Median household income of a Stanley resident is $92,500 a year. The US average is $69,021 a year.