Jasper, MN is a small town nestled in Minnesota. It is a great place to live with plenty of local businesses such as Jasper Produce, Jim's Grocery Store, and Bobby's Department Store. The cost of living in Jasper is quite low compared to the US average. The 2 bedroom rent here is $890 versus $1,430 in the US; groceries are also much cheaper with a grocery cost index of 93 versus 100 in the US. It’s clear that overall costs are lower in Jasper making it an excellent place to settle down and enjoy a good quality of life for less money than other areas.
Jasper has an unemployment rate of 5.1%. The US average is 6.0%.
Jasper has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Jasper
- The Sales Tax Rate for Jasper is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Jasper 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 Jasper
- The average income of a Jasper resident is $21,830 a year. The US average is $28,555 a year.
- The Median household income of a Jasper resident is $41,250 a year. The US average is $69,021 a year.