Small Town529 people

Graceville, MN

Discover how far your salary goes in Graceville. Compare taxes, rent, and living costs.

Cost Index
122
📈 Above Average
Population

529

State Tax

9.8%

1BR Rent

$1,309

/month

vs National

-6%

below avg

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Rent Prices in Graceville

🏠

Studio

$1,047

/month

$12,564/year

Most Common
🛏️

1 Bedroom

$1,309

/month

$15,708/year

🏡

2 Bedroom

$1,767

/month

$21,204/year

🏘️

3 Bedroom

$2,291

/month

$27,492/year

Taxes in Minnesota

State Income Tax

Minnesota

9.8%

For a $100k salary, that's ~$9,850/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Graceville, MN?

Graceville has a cost of living index of 122, which is 22% above the national average. A 1-bedroom apartment costs around $1,309/month.

What is the state income tax in Minnesota?

Minnesota has a state income tax rate of approximately 9.8%. This is in addition to federal income tax.

How much is rent in Graceville?

The median rent for a 1-bedroom apartment in Graceville is $1,309/month. For a 2-bedroom, expect to pay around $1,767/month. This is 6% below the national average.

Is Graceville a good place to live?

Graceville is a small town with a population of 529. The cost of living is above average, making it more expensive than average for the US.

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