Stony River, MN is an affordable place to live with 2 bedroom rent at $920 versus the US average of $1,430. This cost of living is supported by a Grocery Cost Index of 99, versus the US average of 100. Local companies in Stony River include Sawtooth Enterprise Solutions, Soaring Eagle Enterprises, and Three Lakes Development. These locally-owned companies provide economic support to the area while contributing to a strong sense of community. Overall, Stony River offers a low cost of living and plenty of opportunities for local business owners looking to establish themselves in a vibrant small town.
Stony River has an unemployment rate of 5.1%. The US average is 6.0%.
Stony River has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Stony River
- The Sales Tax Rate for Stony River is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Stony River 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 Stony River
- The average income of a Stony River resident is $21,381 a year. The US average is $28,555 a year.
- The Median household income of a Stony River resident is $55,104 a year. The US average is $69,021 a year.