Emmet, MN is a small town in Minnesota with a population of just under 1,000 people. It is known for its low cost of living and affordable housing as demonstrated by the two bedroom rent being $830 which is significantly lower than the US average of $1,430. Emmet also has an affordable grocery cost index at 94 compared to 100 in the US. The town offers many amenities and businesses such as Emmet Hardware, Reeds Pharmacy, Taconite Reflections Boutique, and Lakeshore Pizza & Subs. These local companies offer services to both locals and visitors, providing quality products and services that make Emmet a great place to live and work.
Emmet has an unemployment rate of 5.9%. The US average is 6.0%.
Emmet has seen the job market increase by 6.7% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Emmet
- The Sales Tax Rate for Emmet is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Emmet 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 Emmet
- The average income of a Emmet resident is $45,821 a year. The US average is $28,555 a year.
- The Median household income of a Emmet resident is $51,250 a year. The US average is $69,021 a year.