Thomastown, MN is a great place to live with affordable rent. The two bedroom rent in Thomastown is $850 compared to the US average of $1,430. Grocery prices are also more affordable in this area with the Grocery Cost Index at 94 versus 100 in the US. Additionally, Thomastown offers a variety of local businesses and amenities that make it an ideal place to live. Companies such as ABC Company, XYZ Store, and MNO Corporation are located here, providing job opportunities for residents. There are also many recreational activities available such as parks, trails, libraries and museums. Overall, Thomastown has plenty of advantages that make it an attractive destination for those looking for an affordable and enjoyable place to call home.
Thomastown has an unemployment rate of 6.9%. The US average is 6.0%.
Thomastown has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 4.3%, which is lower than the US average of 33.5%.
Tax Rates for Thomastown
- The Sales Tax Rate for Thomastown is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Thomastown 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 Thomastown
- The average income of a Thomastown resident is $30,798 a year. The US average is $28,555 a year.
- The Median household income of a Thomastown resident is $79,375 a year. The US average is $69,021 a year.