Camden, MN is a small town located in the Midwest with a population of about 1,000 people. Housing prices here are quite affordable with the average two-bedroom rent being $1,280 as compared to the national average of $1,430. The cost of living in Camden is also quite low and economically competitive with grocery costs sitting at the same index level as nationally.
Camden has many local businesses that help to create a thriving economy including Camden Market Place and Little Africa Hair Braiding. There are also several eateries in town such as Stone Bear Bar & Grill and Mrs. Mel's Kitchen. All these businesses bring vibrancy to Camden’s economy and community life.
Camden has an unemployment rate of 3.7%. The US average is 6.0%.
Camden has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Camden
- The Sales Tax Rate for Camden is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Camden 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 Camden
- The average income of a Camden resident is $33,317 a year. The US average is $28,555 a year.
- The Median household income of a Camden resident is $102,222 a year. The US average is $69,021 a year.