Hamburg, MN is a small town located in Minnesota. It offers many unique benefits to its residents, such as low 2 bedroom rent at $1,210 versus the US average of $1,430. Additionally, Hamburg has a low grocery cost index of 99 compared to 100 in the US. The cost of living in Hamburg is significantly lower than other parts of the country.
There are several local businesses in Hamburg that offer great opportunities for work and shopping. Examples include Pinnacle Foods Group LLC which provides food products for retail and food service customers, and Rehans LLC which specializes in baking and packaging services. Both these companies have been providing quality services to residents since their establishment.
Living in Hamburg brings with it numerous advantages. Not only is it affordable to live here due to its low rental prices and cost indexes but it also offers a peaceful environment with friendly people and plenty of amenities available for those looking to settle down. There are plenty of recreational activities like hiking trails, fishing spots, parks for picnics or just relaxing outdoors. Hamburg is an ideal place for anyone looking for a comfortable home away from city life.
Hamburg has an unemployment rate of 3.7%. The US average is 6.0%.
Hamburg has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Hamburg
- The Sales Tax Rate for Hamburg is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hamburg 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 Hamburg
- The average income of a Hamburg resident is $30,797 a year. The US average is $28,555 a year.
- The Median household income of a Hamburg resident is $73,750 a year. The US average is $69,021 a year.