Blackhoof, MN is a small town located in the United States. It has a population of around 3,000 people. The median 2 bedroom rent in Blackhoof is $1,040 compared to the US 2 bedroom rent of $1,430. Despite this being cheaper than the average rent in the US, Blackhoof is known for its low cost of living when it comes to groceries as well. The Grocery Cost Index in Blackhoof is 98 versus 100 in the US which demonstrates how affordable it is to buy groceries here.
The main employers are BlackHoof Manufacturing Company and Blue Lake Meat processing plant which provide plenty of job opportunities within the town. There are also many local owned businesses such as Green Valley Cafe and Grocery Store that help keep costs low for locals who want to spend their money locally. All of these factors make Blackhoof an ideal place for those looking for an affordable place to live with good job opportunities and plenty of local services.
Blackhoof has an unemployment rate of 5.3%. The US average is 6.0%.
Blackhoof has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Blackhoof
- The Sales Tax Rate for Blackhoof is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Blackhoof 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 Blackhoof
- The average income of a Blackhoof resident is $24,027 a year. The US average is $28,555 a year.
- The Median household income of a Blackhoof resident is $86,417 a year. The US average is $69,021 a year.