Calumet, MN is a small rural city located in the North Central region of Minnesota. It has a population of 841 people as of 2020 and is known for its beautiful scenery and outdoor recreational activities. Despite its small size, Calumet has plenty to offer including a variety of local businesses such as Calumet Café & Bakery, Ridgewater College, and High Country Hunting Supplies. The area's two-bedroom rent is much lower than the US average at $870 per month compared to $1,430 in the US. This lower rent helps keep costs down in other areas as well such as groceries which have an index rating of 91 versus 100 in the US. This makes it easier for families and individuals living on a budget to afford their groceries and other essentials while still having extra spending money for entertainment or emergencies.
Calumet has an unemployment rate of 6.2%. The US average is 6.0%.
Calumet has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Calumet
- The Sales Tax Rate for Calumet is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Calumet 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 Calumet
- The average income of a Calumet resident is $24,557 a year. The US average is $37,638 a year.
- The Median household income of a Calumet resident is $32,188 a year. The US average is $69,021 a year.