Thompson, MN is a small town located in Minnesota with a range of local companies to choose from. The cost of living in Thompson is relatively low compared to the US, with 2 Bedroom Rent costing $810 compared to the US average of $1,430. The grocery cost index in Thompson is 93 versus 100 in the US with local companies providing products and services at affordable prices. Many locals choose to shop at stores like Wal-Mart or Super One Foods for basic necessities due to their wide selection and competitive prices. With its reasonable cost of living and selection of shops, it's no surprise that Thompson has become a popular destination for those looking for affordability.
Thompson has an unemployment rate of 4.0%. The US average is 6.0%.
Thompson has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Thompson
- The Sales Tax Rate for Thompson is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Thompson 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 Thompson
- The average income of a Thompson resident is $29,575 a year. The US average is $28,555 a year.
- The Median household income of a Thompson resident is $96,250 a year. The US average is $69,021 a year.