Hiram, MN is a small town located in the northern part of the state. It is renowned for its affordable housing, low taxes, and picturesque scenery. It has an average two bedroom rent of $860 compared to the U.S average of $1,430 which makes it a great place for people looking to save on their monthly expenses. The Grocery Cost Index in Hiram is also much lower than the national average at 100 points versus the US rate of 100 points as well. Because of these factors, Hiram is a great place to live for those who want to enjoy a more laid back lifestyle while still having access to quality stores and services. Some notable companies in Hiram include Smiths Restaurant Supply Company, Towne & Country Supermarket, and Pinewood Auto Parts. All in all, Hiram offers an excellent cost of living with reasonable rent prices and low grocery costs that make it an attractive option for many potential residents.
Hiram has an unemployment rate of 8.4%. The US average is 6.0%.
Hiram has seen the job market increase by 9.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Hiram
- The Sales Tax Rate for Hiram is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hiram 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 Hiram
- The average income of a Hiram resident is $33,229 a year. The US average is $28,555 a year.
- The Median household income of a Hiram resident is $62,656 a year. The US average is $69,021 a year.