Tyro, MN is a small town located in the Midwest. It is known for its friendly community and low cost of living. The average 2 bedroom rent in Tyro, MN is $810 compared to the US average of $1,430, making it an ideal place for individuals on a budget. Additionally, the grocery cost index in Tyro is 95 versus 100 in the US, further emphasizing the reasonable living costs found there. Local companies such as Jacobson's Hardware Store, Hansen Plumbing Co., and Gorman Grain Farms are some of the main employers in the area. Overall, Tyro offers an affordable lifestyle with plenty of job opportunities for those looking to settle down.
Tyro has an unemployment rate of 4.4%. The US average is 6.0%.
Tyro 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 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Tyro
- The Sales Tax Rate for Tyro is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Tyro 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 Tyro
- The average income of a Tyro resident is $36,012 a year. The US average is $28,555 a year.
- The Median household income of a Tyro resident is $93,333 a year. The US average is $69,021 a year.