Bricelyn, Minnesota is a small rural town located in Faribault County. With a population of only 319 people according to the 2019 census, it is an ideal location for those looking for peaceful living without the hustle and bustle of city life. The average two bedroom rental price in Bricelyn is $750 per month, which is significantly lower than the US average of $1,430 per month. Grocery costs are also more affordable in Bricelyn with an index score of 92 compared to 100 in the US.
The local economy is driven by small businesses such as Heckersons Agronomy Services which provides fertilizers and other agronomic services to farmers in the area, Bobo’s Body Shop and Auto Repair which specializes in auto repair services, and Ankeny Construction LLC that provides general contractor services. These businesses employ a large portion of Bricelyn’s residents and serve as essential parts of the local economy.
Bricelyn (zip 56014) has an unemployment rate of 5.2%. The US average is 6.0%.
Bricelyn (zip 56014) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Bricelyn (zip 56014)
- The Sales Tax Rate for Bricelyn (zip 56014) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Bricelyn (zip 56014) 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 Bricelyn (zip 56014)
- The average income of a Bricelyn (zip 56014) resident is $30,526 a year. The US average is $37,638 a year.
- The Median household income of a Bricelyn (zip 56014) resident is $47,500 a year. The US average is $69,021 a year.