Borup, MN is a small city located in Norman County, Minnesota. Famous for its outdoor recreation and rural atmosphere, Borup offers a variety of activities to its citizens. The cost of living in Borup is relatively low compared to the national average. For example, 2 bedroom rent is $1,250 as compared to $1,430 nationally, and the grocery cost index is 94 versus 100 in the US. Businesses in Borup include Corner Grocery & Deli, Ace Hardware Store and Borup Family Restaurant. There are also many beauty salons as well as auto shops and other professional services available throughout the area.
Borup has an unemployment rate of 5.7%. The US average is 6.0%.
Borup has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Borup
- The Sales Tax Rate for Borup is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Borup 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 Borup
- The average income of a Borup resident is $21,380 a year. The US average is $37,638 a year.
- The Median household income of a Borup resident is $56,161 a year. The US average is $69,021 a year.