Terrebonne, MN is a small rural city with a population of around 2,000 people. It offers residents a peaceful atmosphere with easy access to nature and natural beauty. The cost of living is quite low compared to other areas, with 2 bedroom rent at $820 as opposed to the US average of $1,430. Grocery cost index in Terrebonne is 96 versus 100 in the US. This makes it an attractive option for those looking to save money while still enjoying small town life.
The local economy mainly relies on agriculture and there are several companies that support this industry such as the Terrebonne Farmers Co-op, LeSueur County Grain Growers Inc., and Country Partners Cooperative. Aside from these agricultural producers, there are also some retail outlets such as Walmart Supercenter and Terrebonne Home Center providing goods to locals. The denizens of Terrebonne also have access to medical care, thanks to Mayo Clinic Health System - Albert Lea/Austin and Mary T Inc.. Residents can also take advantage of recreational activities near the city like camping in Marsac Park or fishing in its nearby lakes.
Overall, Terrebonne has a lot to offer in terms of outdoor activities but also provides easy access to various essential services and business establishments that help make life more convenient for its citizens. Its peaceful atmosphere combined with its low cost of living makes it an ideal place for families looking for a home away from home without breaking their budgets.
Terrebonne has an unemployment rate of 6.0%. The US average is 6.0%.
Terrebonne has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 15.7%, which is lower than the US average of 33.5%.
Tax Rates for Terrebonne
- The Sales Tax Rate for Terrebonne is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Terrebonne 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 Terrebonne
- The average income of a Terrebonne resident is $27,212 a year. The US average is $28,555 a year.
- The Median household income of a Terrebonne resident is $53,750 a year. The US average is $69,021 a year.