Hobart, MN is a small town located in the Twin Cities metropolitan area. It has a population of 4,738 and offers its residents plenty of local amenities and attractions. The cost of living in Hobart is relatively low compared to the US average; specifically, 2 bedroom rent in Hobart is around $870 while it's $1,430 elsewhere in the US and the Grocery Cost Index in Hobart is 99 versus 100 in the US.
Hobart is home to many local businesses including Hy-Vee, Hobart Foods (a bakery), and K&K Hardware Store. There are also several restaurants such as Pizza Hut, La Poblana Mexican Grill & Cantina, and Mama Maria's Italian Restaurant. These businesses provide great employment opportunities to community members while promoting economic growth. Additionally, there are plenty of parks and green spaces for residents to enjoy year-round outdoor activities.
Hobart has an unemployment rate of 5.3%. The US average is 6.0%.
Hobart has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Hobart
- The Sales Tax Rate for Hobart is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hobart 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 Hobart
- The average income of a Hobart resident is $35,878 a year. The US average is $28,555 a year.
- The Median household income of a Hobart resident is $87,212 a year. The US average is $69,021 a year.