Acton, MN is a small town located in the state of Minnesota. It has a population of just over 1,200 people and is known for its friendly community and proximity to outdoor recreational activities. The average two bedroom rent in Acton is lower than the national average at $900 compared to $1,430. Additionally, grocery costs are slightly lower than the US index with 95 versus 100. \nThe local economy of Acton is mainly supported by small businesses such as Bear River Crafts which specializes in handmade items, Just For Fun Sports which provides sporting equipment and apparel, and Acton Lumber Company which has been providing lumber services since 1983. People also come from nearby cities to enjoy the excellent restaurants, cafes, and shops in Acton. With such an economical cost of living, Acton is an attractive destination for young families looking to start a life together or single individuals searching for a peaceful atmosphere.
Acton has an unemployment rate of 5.2%. The US average is 6.0%.
Acton has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Acton
- The Sales Tax Rate for Acton is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Acton 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 Acton
- The average income of a Acton resident is $27,278 a year. The US average is $28,555 a year.
- The Median household income of a Acton resident is $86,458 a year. The US average is $69,021 a year.