Garfield, MN is a small town located in the Great Plains region of Minnesota. The cost of living is relatively inexpensive compared to the rest of the US. The average rent for a two-bedroom apartment is just $870, while the national average for a two-bedroom apartment stands at $1,430. Additionally, the Grocery Cost Index in Garfield is 102 which is slightly above the national index of 100.
Garfield's economy is mainly supported by agriculture and farming, but there are some local companies such as R&R Farms, K&K Feeds and Bryson Distributors that provide job opportunities to locals. There are also several attractions in Garfield such as Lake Sarah Nature Preserve and Winter Park.
Overall, Garfield offers an affordable cost of living with plenty of options for employment and entertainment.
Garfield has an unemployment rate of 4.1%. The US average is 6.0%.
Garfield has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Garfield
- The Sales Tax Rate for Garfield is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Garfield is 7.1%. The US average is 4.6%.
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Income and Salaries for Garfield
- The average income of a Garfield resident is $35,949 a year. The US average is $37,638 a year.
- The Median household income of a Garfield resident is $60,714 a year. The US average is $69,021 a year.