Burnhamville, MN is a small town located in the heart of Minnesota. It boasts a population of just over 1,000 people and has all the amenities of a larger city. The cost of living in Burnhamville is relatively low, with 2 bedroom rent averaging around $780 per month compared to the US average of $1,430. Additionally, grocery costs are only slightly higher than average with an index score of 98 versus 100 in the US.
Burnhamville is home to many small businesses such as K&K Hardware Store, which has been family owned since 1932; Bluffstone Farms for locally-grown produce; and Mary's Café, where locals can gather for homemade food and conversation. The area also offers many recreational activities including hiking trails at Nagoonberry Ridge Nature Reserve and biking paths along the scenic Mississippi River. With its strong sense of community and affordable housing options, Burnhamville provides residents with an ideal place to live.
Burnhamville has an unemployment rate of 5.4%. The US average is 6.0%.
Burnhamville has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Burnhamville
- The Sales Tax Rate for Burnhamville is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Burnhamville 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 Burnhamville
- The average income of a Burnhamville resident is $26,894 a year. The US average is $28,555 a year.
- The Median household income of a Burnhamville resident is $73,375 a year. The US average is $69,021 a year.