Graceville, Minnesota is a small city located in the Big Stone County, with a population of 562. It has a 2 bedroom rent price of $820 which is significantly lower than the US average of $1430. The grocery cost index is also lower in Graceville at 93 compared to the national average of 100. Local companies in Graceville include Graceville Lumber & Hardware, AT&T Store, and Small Town Cafe.
Graceville (zip 56240) has an unemployment rate of 5.9%. The US average is 6.0%.
Graceville (zip 56240) 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 (zip 56240)
- The Sales Tax Rate for Graceville (zip 56240) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Graceville (zip 56240) 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 (zip 56240)
- The average income of a Graceville (zip 56240) resident is $29,117 a year. The US average is $37,638 a year.
- The Median household income of a Graceville (zip 56240) resident is $52,679 a year. The US average is $69,021 a year.