Brainerd, MN is a picturesque city located in Minnesota’s heartland. It is known for its forests, lakes, and scenic views. The cost of living in Brainerd is much lower than the US average. For example, the median 2 bedroom rent is $970 compared to $1,430 in the US. Grocery costs are also lower with an index score of 97 versus 100 in the US. This makes Brainerd an ideal place to live for those looking for a reasonable cost of living. The city also has a number of local businesses such as Coborn's Superstore, Mills Automotive Group, Heartland Motorsports, and BlackRidge Bank that offer employment opportunities to its residents.
Brainerd has an unemployment rate of 6.0%. The US average is 6.0%.
Brainerd 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 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Brainerd
- The Sales Tax Rate for Brainerd is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Brainerd 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 Brainerd
- The average income of a Brainerd resident is $19,303 a year. The US average is $28,555 a year.
- The Median household income of a Brainerd resident is $41,671 a year. The US average is $69,021 a year.