Champion, MN is a small rural town located in Itasca County. It is home to many local companies such as Champion Ag Supply and Champion Motors. According to the most recent census data, Champion has a population of about 1,400 residents. The cost of living in Champion is relatively low when compared to the US average. For example, rent for a two bedroom apartment is $830 which is significantly less than the US average of $1,430. Additionally, the cost of groceries in the town has an index score of 93 compared to 100 in the US overall. Overall, Champion provides a friendly small-town atmosphere for its residents while also offering competitive pricing on rental and grocery costs.
Champion has an unemployment rate of 4.1%. The US average is 6.0%.
Champion has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 20.2%, which is lower than the US average of 33.5%.
Tax Rates for Champion
- The Sales Tax Rate for Champion is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Champion 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 Champion
- The average income of a Champion resident is $30,296 a year. The US average is $28,555 a year.
- The Median household income of a Champion resident is $49,250 a year. The US average is $69,021 a year.