Graceville, MN is a small city located in the western part of the state. It is a great place to live, boasting affordable housing and low grocery costs. The average two bedroom rent in Graceville is $810, which is significantly lower than the US average of $1430. Similarly, the grocery cost index in Graceville rings in at 93 versus 100 in the US. Local companies include Butch's Supervalu, KJ Automotive & Towing, Hoffer Implement Co., and M&M Construction Services. Graceville has something to offer everyone and provides plenty of opportunities for those looking to settle down or start a business.
Graceville has an unemployment rate of 5.9%. The US average is 6.0%.
Graceville has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Graceville
- The Sales Tax Rate for Graceville is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Graceville 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 Graceville
- The average income of a Graceville resident is $27,476 a year. The US average is $37,638 a year.
- The Median household income of a Graceville resident is $47,625 a year. The US average is $69,021 a year.