Hastings, MN is an excellent city to live in due to its affordability. The average 2 bedroom rental cost in Hastings, MN is $1,250 compared to the US average of $1,430. Moreover, the Grocery Cost Index in Hastings, MN is 101 compared to 100 in the US making it relatively affordable. This makes Hastings a great place for families who want to live comfortably without breaking their budget. In terms of jobs, there are many opportunities available at local companies such as Paragon Manufacturing Company which produces agricultural and commercial products, St Croix Industries which produces indoor and outdoor furniture and Ecolab which provides water treatment services. All things considered, Hastings is a great location due to its affordability index making it one of the most desirable cities for families looking for a comfortable life on a budget.
Hastings has an unemployment rate of 4.1%. The US average is 6.0%.
Hastings has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Hastings
- The Sales Tax Rate for Hastings is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Hastings 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 Hastings
- The average income of a Hastings resident is $30,897 a year. The US average is $28,555 a year.
- The Median household income of a Hastings resident is $81,802 a year. The US average is $69,021 a year.