Babbitt, Minnesota is a quiet small town located in Saint Louis County. With a population of 1,285 people, Babbitt offers affordable living with two bedroom rent averaging at $880 a month. The grocery cost index is 92 compared to the United States' average of 100. Babbitt has many local businesses for residents to enjoy including Joe's Hardware Store and Toot's Bar & Grill. In addition to local businesses, there are several outdoor activities such as hiking trails at Robinsons Park and canoe rides down the Bear River. Babbitt is an excellent place to live for those looking for an affordable lifestyle in a peaceful environment.
Babbitt has an unemployment rate of 4.8%. The US average is 6.0%.
Babbitt has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Babbitt
- The Sales Tax Rate for Babbitt is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Babbitt 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 Babbitt
- The average income of a Babbitt resident is $24,025 a year. The US average is $28,555 a year.
- The Median household income of a Babbitt resident is $45,250 a year. The US average is $69,021 a year.