Thorpe, MN is a small city located in the north of the United States. Its population is relatively small, however it still boasts a vibrant community. The cost of living in Thorpe, MN is far lower than many other cities in the country. For instance, 2 bedroom rent in Thorpe, MN is only $950 compared to the US average of $1,430. Additionally, Grocery Cost Index are equal between Thorpe and US at 100. There are several local companies based in Thorpe such as Jaxon Electronics Store and Coggan Contractors. With its low cost of living and rich local businesses, Thorpe makes for an attractive option for potential residents looking for a place to live.
Thorpe has an unemployment rate of 6.1%. The US average is 6.0%.
Thorpe has seen the job market increase by 6.6% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.
Tax Rates for Thorpe
- The Sales Tax Rate for Thorpe is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Thorpe 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 Thorpe
- The average income of a Thorpe resident is $112,552 a year. The US average is $28,555 a year.
- The Median household income of a Thorpe resident is $70,000 a year. The US average is $69,021 a year.