Tansem, MN Economy


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Tansem, MN is a great place to live. Located in the Midwest, it's known for its affordable cost of living and quaint small town charm. The average rent for a two bedroom apartment is $880 - much lower than the US average of $1,430. Additionally, food costs are lower than average as well with a grocery cost index of 98 compared to 100 in the US. This makes it easy to make ends meet while still enjoying the great quality of life that Tansem provides thanks to local businesses like Tansem Bank and Cafe Noire. With low rents and food costs, anyone can enjoy life in this charming Midwestern town.

Tansem has an unemployment rate of 3.8%. The US average is 6.0%.

Tansem has seen the job market increase by 0.9% 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 Tansem
- The Sales Tax Rate for Tansem is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Tansem 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 Tansem
- The average income of a Tansem resident is $34,354 a year. The US average is $28,555 a year.
- The Median household income of a Tansem resident is $123,203 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTansem, MinnesotaUnited States
  3.86
  -0.7%-6.2%
  29.1%33.5%
  7.4%6.2%
  7.1%4.6%
  $45,158$37,638
  $123,203$69,021
  $122,656$85,028
  Population by Occupation
  6.8%1.2%
  3.0%0.5%
  4.5%6.8%
  20.3%10.0%
  4.5%2.5%
  3.0%11.0%
  3.0%4.8%
  2.3%0.8%
  0.0%1.9%
  8.3%4.7%
  0.0%1.9%
  6.0%7.6%
  1.5%0.1%
  0.8%4.2%
  22.6%9.3%
  5.3%14.0%
  0.0%2.1%
  2.3%7.0%
  3.0%4.8%
  3.0%4.7%
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