Starbuck, MN is a small town located in the United States. It has an estimated population of around 500 people and is known for its low cost of living. The average 2 bedroom rent in Starbuck is $920 which is much lower than the US average of $1,430. Similarly, the grocery cost index in Starbuck is 98 compared to 100 in the US.
The town’s economy relies largely on agriculture as well as a few local businesses such as Wildwood Cafe & Saloon and Chilson Hardware Store. These businesses offer employment opportunities for locals and provide goods and services to the community. Local farms also contribute to the economy by providing produce to residents throughout the year. Additionally, there are various outdoor activities that bring people into Starbuck like camping at Lake Washington or taking part in summer festivals like Music In The Park or the FFA Alumni BBQ & Dance.
Starbuck has an unemployment rate of 4.5%. The US average is 6.0%.
Starbuck has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Starbuck
- The Sales Tax Rate for Starbuck is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Starbuck 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 Starbuck
- The average income of a Starbuck resident is $25,585 a year. The US average is $28,555 a year.
- The Median household income of a Starbuck resident is $55,500 a year. The US average is $69,021 a year.