Flom, MN is a small town with a population of just over 500 people. It is known for its affordable living costs, which are much lower than most places in the US. The average 2 bedroom rent in Flom is $1,060 compared to $1,430 nationwide. Similarly, the grocery cost index is 93 versus 100 in the US. Residents of this tight-knit community benefit from locally owned businesses such as Tanner's Feed Store, a family-run business that has been providing quality feed and livestock care since 1979, and Big Red's Bar & Grill, an establishment known for both its great food and friendly atmosphere. Other amenities include a public library, tennis courts and golf course.
Flom has an unemployment rate of 5.7%. The US average is 6.0%.
Flom has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Flom
- The Sales Tax Rate for Flom is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Flom 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 Flom
- The average income of a Flom resident is $22,326 a year. The US average is $28,555 a year.
- The Median household income of a Flom resident is $95,625 a year. The US average is $69,021 a year.