Frazee, MN is a small town located in Becker County in the state of Minnesota. It has a population of 1,600 people, spread over 2 square miles. The cost of living in Frazee is relatively low compared to the rest of the United States. Specifically, the average rent for a two bedroom apartment is $870 compared to $1,430 for the US as a whole while their grocery cost index is 99 versus 100 nationally. This makes Frazee an attractive option for those looking for affordable housing without sacrificing quality of life.
There are several businesses that call Frazee home including Frazee Carpet One Floor & Home, Frazee Paint & Decorating Center, and Miller's Mower & Power Equipment. There are also many shops and restaurants around town that make up its vibrant downtown area where local residents come to socialize and get basic necessities. All in all, Frazee provides a great opportunity to live comfortably without breaking your budget.
Frazee has an unemployment rate of 5.3%. The US average is 6.0%.
Frazee has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Frazee
- The Sales Tax Rate for Frazee is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Frazee 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 Frazee
- The average income of a Frazee resident is $23,643 a year. The US average is $37,638 a year.
- The Median household income of a Frazee resident is $45,298 a year. The US average is $69,021 a year.