Burtrum, MN is a small town located in the central part of the state. It has a population of about 500 people and is known for its low cost of living. The average two bedroom rent is only $740 per month which is significantly less than the US average, making it an attractive place to live for those on a budget. In addition to the low rent, Burtrum also has an exceptionally low grocery cost index of 98 versus 100 in the US.
Burtrum is home to several local businesses that contribute to its economy, such as Maison's Saloon & Cafe, Central Lakes Trail Outfitters, B's Battlefield BBQ & Grill Restaurant, and Herrmann Farms Corn Maze. These businesses have become staples in the town and make it a great destination worth visiting.
Burtrum has an unemployment rate of 5.4%. The US average is 6.0%.
Burtrum 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 Burtrum
- The Sales Tax Rate for Burtrum is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Burtrum 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 Burtrum
- The average income of a Burtrum resident is $40,910 a year. The US average is $28,555 a year.
- The Median household income of a Burtrum resident is $34,500 a year. The US average is $69,021 a year.