Normanna, MN is a small town situated in the northern outskirts of Minnesota. Its population is relatively small, but it continues to grow due to its convenient location off I-35. The cost of living in Normanna is quite low, with the 2 bedroom rent standing at $1,430 and Grocery Cost Index at 99. This makes it an appealing place for those looking to save money while maintaining their quality of life.
The small town offers plenty of employment opportunities for its locals. Some of the local employers include Normanna Motor Company, Normanna Food Store, and Twin City Credit Union. These companies are integral parts of the community, offering part-time and full-time jobs to many people in the area. Additionally, there are plenty of other local businesses providing job opportunities such as restaurants, gardening services, construction companies etc. All these businesses together make up a vibrant job market in which everyone can find something suitable for themselves.
Normanna has an unemployment rate of 4.8%. The US average is 6.0%.
Normanna has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Normanna
- The Sales Tax Rate for Normanna is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Normanna 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 Normanna
- The average income of a Normanna resident is $29,165 a year. The US average is $28,555 a year.
- The Median household income of a Normanna resident is $89,135 a year. The US average is $69,021 a year.