Cambria, Minnesota is a small town located in the southeast part of the state. It is known for its low cost of living and friendly atmosphere. The average two-bedroom rent in Cambria is only $1,000 per month, which is more than $400 cheaper than the US average rent of $1,430. Additionally, the grocery cost index in Cambria is 97 compared to 100 in the US, making it even more affordable to live in this tight-knit community. \nCambria's economy consists mainly of small businesses, such as Family Tree Market & Deli, White Buffalo Trading Co., Brad's Quality Packing Company Inc., and L&D Machine & Manufacturing. These companies have become staples within their community and serve an integral role within Cambria's economy.
Cambria has an unemployment rate of 3.9%. The US average is 6.0%.
Cambria has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for Cambria
- The Sales Tax Rate for Cambria is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Cambria 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 Cambria
- The average income of a Cambria resident is $32,530 a year. The US average is $37,638 a year.
- The Median household income of a Cambria resident is $81,250 a year. The US average is $69,021 a year.