Swede Grove, MN is a small town located in the suburbs of Minneapolis. It has a population of just over 4,000 people and is known for its low cost of living. Comparatively speaking, 2 bedroom rent in Swede Grove is nearly 50% lower than the US average at $900 per month versus $1,430. Additionally, the Grocery Cost Index in Swede Grove is 95 compared to 100 nationally.
Swede Grove has many local businesses such as Swede Market, Sweed Coffee Co., and Swede Auto Repair. The town also features amenities like walking trails and lakeside parks that make it an attractive place to live for families and young professionals alike. All in all, Swede Grove offers a comparatively low cost of living while providing access to essential services and recreational activities typically found in larger cities.
Swede Grove has an unemployment rate of 5.2%. The US average is 6.0%.
Swede Grove has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Swede Grove
- The Sales Tax Rate for Swede Grove is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Swede Grove 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 Swede Grove
- The average income of a Swede Grove resident is $21,731 a year. The US average is $28,555 a year.
- The Median household income of a Swede Grove resident is $71,250 a year. The US average is $69,021 a year.