Amboy, MN is a small town located in Steele County with a population of around 500 people. It has two large employers, Zumbro River Brand and H&M Manufacturing. The cost of living in Amboy is fairly low compared to the national average. Rent for a two-bedroom apartment is about $910 per month; this is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Amboy is 95 versus 100 in the US, which shows that food expenses are relatively cheaper than other areas. Overall, Amboy provides an affordable place to live and work or raise a family.
Amboy has an unemployment rate of 3.9%. The US average is 6.0%.
Amboy has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for Amboy
- The Sales Tax Rate for Amboy is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Amboy 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 Amboy
- The average income of a Amboy resident is $24,819 a year. The US average is $28,555 a year.
- The Median household income of a Amboy resident is $57,955 a year. The US average is $69,021 a year.