Ellsborough is a small town in Minnesota which offers affordable living for those looking to rent a two bedroom apartment. The median rent for a two bedroom apartment in the area is $800 compared to the US median of $1,430. Grocery costs are also much lower here with an index of 93 compared to 100 in the US. In addition to reasonable housing costs, Ellsborough has plenty of attractions for residents and visitors alike. Popular local companies include Blackstone Industries and KJ Exports. Visitors can take part in outdoor activities such as fishing or hiking at Southwind Lake or visit museums like the Ricard’s County Museum. Ellsborough is an ideal place to live for anyone looking for all the amenities of living in a larger city but with more economic and convenient options.
Ellsborough has an unemployment rate of 6.4%. The US average is 6.0%.
Ellsborough has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Ellsborough
- The Sales Tax Rate for Ellsborough is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ellsborough 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 Ellsborough
- The average income of a Ellsborough resident is $22,547 a year. The US average is $28,555 a year.
- The Median household income of a Ellsborough resident is $60,625 a year. The US average is $69,021 a year.