Perham, MN is a small town located in Otter Tail county. It is known for its friendly and welcoming atmosphere and the natural beauty of its landscape. The cost of living in Perham is quite affordable; rent for a two bedroom apartment typically costs around $880 while the US 2 bedroom rent on average is $1,430. Similarly, grocery costs are slightly below the national average with an index of 99 compared to 100 in the US.
The town is home to several businesses including Acme Tools, Denco Mfg., Inc., Five Star Manufacturing Services, Inc., and Park Industries. Acme Tools specializes in offering high quality tools at competitive prices while Denco Mfg., Inc. manufactures precision components for aerospace and industrial applications. Five Star Manufacturing Services provides custom machining services and Park Industries produces stone fabrication equipment for use by contractors and fabricators across the world.
Perham has an unemployment rate of 5.3%. The US average is 6.0%.
Perham 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 Perham
- The Sales Tax Rate for Perham is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Perham 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 Perham
- The average income of a Perham resident is $26,303 a year. The US average is $28,555 a year.
- The Median household income of a Perham resident is $43,581 a year. The US average is $69,021 a year.