Sumter, MN is a small community located in the southern part of the state. It is a great place to live for those who enjoy a peaceful environment and affordable living costs. The average rent for a two bedroom apartment is $840, which is significantly lower than the national average rent of $1,430. Additionally, Sumter’s grocery cost index rate is 96 compared with 100 nationally. Sumter offers numerous opportunities for employment at local businesses such as Dea Manufacturing Company and Ritchie Bros Auctioneers. Residents can also enjoy several recreational activities like golfing at the Sumter Country Club or attending one of the events hosted by Joe’s Place Event Center throughout the year.
Sumter has an unemployment rate of 5.1%. The US average is 6.0%.
Sumter has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Sumter
- The Sales Tax Rate for Sumter is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Sumter 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 Sumter
- The average income of a Sumter resident is $32,045 a year. The US average is $28,555 a year.
- The Median household income of a Sumter resident is $78,854 a year. The US average is $69,021 a year.