Drammen, MN is a small town located in the state of Minnesota. It is known for its pleasant atmosphere and community spirit, as well as for its thriving local businesses and industries. Some of the major employers in Drammen include Anoka Technical College, Marriott International, and Children's Minnesota. The cost of living in this area is excellent compared to other areas; for instance, rent for a 2 bedroom apartment is just $830 per month versus the US average of $1,430. Additionally, the Grocery Cost Index for Drammen is 97 versus 100 in the US on average. Therefore, it is clear that living in Drammen offers an attractive combination of lifestyle quality and affordability.
Drammen has an unemployment rate of 5.7%. The US average is 6.0%.
Drammen 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 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Drammen
- The Sales Tax Rate for Drammen is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Drammen 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 Drammen
- The average income of a Drammen resident is $30,190 a year. The US average is $28,555 a year.
- The Median household income of a Drammen resident is $61,875 a year. The US average is $69,021 a year.