Barnesville, Minnesota is a great place to live due to its low cost of living. The two bedroom rent in Barnesville is $850 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Barnesville is 98, as opposed to 100 in the US. This means that groceries are cheaper here than elsewhere. For those looking for employment opportunities, there are many local companies including Farmers Union Oil Co., Barnesville Veterinary Clinic, and Kramer's Service Inc. providing ample opportunity for residents. Furthermore, with its relaxed atmosphere and friendly locals, it provides a perfect environment to raise a family or retire.
Barnesville (zip 56514) has an unemployment rate of 3.8%. The US average is 6.0%.
Barnesville (zip 56514) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Barnesville (zip 56514)
- The Sales Tax Rate for Barnesville (zip 56514) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Barnesville (zip 56514) 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 Barnesville (zip 56514)
- The average income of a Barnesville (zip 56514) resident is $28,114 a year. The US average is $28,555 a year.
- The Median household income of a Barnesville (zip 56514) resident is $71,500 a year. The US average is $69,021 a year.