Skagen, MN is a small community located in Minnesota. It has a population of approximately 3,800 people, which makes it an ideal location to settle down and be part of a tight-knit community. The cost of living in Skagen is quite reasonable when compared to other cities and towns in the area; for instance, the average 2 Bedroom rent is $860 as opposed to the US average of $1,430. Additionally, the Grocery Cost Index in Skagen is 94 versus 100 in the US.
In terms of businesses and employment opportunities, there are several local companies that residents can look into working for such as Viking Log Homes Inc, Holmlund Inc., and Northstar Forwarding. All these companies specialize in unique yet crucial industries that help keep Skagen’s economy strong and thriving.
Overall, Skagen offers its residents an affordable cost of living along with several job opportunities that are available within the city limits. This makes it an ideal place to settle down if you want to live in a smaller yet supportive community while still having access to all the amenities one would expect from larger towns or cities nearby.
Skagen has an unemployment rate of 3.9%. The US average is 6.0%.
Skagen has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 8.8%, which is lower than the US average of 33.5%.
Tax Rates for Skagen
- The Sales Tax Rate for Skagen is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Skagen 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 Skagen
- The average income of a Skagen resident is $19,023 a year. The US average is $28,555 a year.
- The Median household income of a Skagen resident is $61,250 a year. The US average is $69,021 a year.