South Bend, MN is a small city located in the southeastern part of Minnesota. It has a population of around 4,000 residents and is home to several businesses such as Northfield Bank, Aldi Food Store, and South Bend Automotive. The cost of living in South Bend is quite affordable with the average two bedroom rent being only $1,140 compared to the US average of $1,430. Grocery costs are also lower than average with an index of 99 compared to 100 in the US. Overall South Bend is an affordable and friendly place to live and work.
South Bend has an unemployment rate of 3.9%. The US average is 6.0%.
South Bend has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for South Bend
- The Sales Tax Rate for South Bend is 7.9%. The US average is 7.3%.
- The Income Tax Rate for South Bend 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 South Bend
- The average income of a South Bend resident is $24,680 a year. The US average is $28,555 a year.
- The Median household income of a South Bend resident is $69,375 a year. The US average is $69,021 a year.