Erskine, MN is an affordable town with a lower cost of living than the US average. The 2 bedroom rent is $820 compared to the US average of $1,430. Additionally, the grocery cost index in Erskine is 98 compared to 100 in the US. This makes it an attractive place for families and single people looking for more affordable housing and groceries. \nLocal companies include businesses such as D & K Stores, which offers clothing and general merchandise; Erskine True Value Hardware, which specializes in hardware supplies; and Lorentz Meats, which provides custom meat processing services. Other local companies located in Erskine include Winger Co-Op Oil Company, Liggett Pharmacy, and Eddy's Bakery. In 2017, over 70% of businesses in this small town reported having at least one employee on their staff.
Erskine has an unemployment rate of 4.9%. The US average is 6.0%.
Erskine has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Erskine
- The Sales Tax Rate for Erskine is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Erskine 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 Erskine
- The average income of a Erskine resident is $18,766 a year. The US average is $28,555 a year.
- The Median household income of a Erskine resident is $24,250 a year. The US average is $69,021 a year.