Compton, MN is a small town located near Minneapolis, offering peaceful living with easy access to big city amenities. The cost of living in Compton is quite affordable; the median rent for a two-bedroom apartment is around $830 compared to the US average of $1,430. Groceries are also cheaper in Compton than elsewhere, with an index score of 94 versus 100 for the US overall. The area has some great local businesses, such as the neighborhood shop 'The Country Store', which sells general supplies and locally grown produce. There's also 'Lou's Diner', where you can find delicious home-cooked meals at reasonable prices. With its welcoming atmosphere and affordable living costs, Compton is an ideal place to settle down and call home.
Compton has an unemployment rate of 5.3%. The US average is 6.0%.
Compton has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Compton
- The Sales Tax Rate for Compton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Compton 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 Compton
- The average income of a Compton resident is $23,327 a year. The US average is $28,555 a year.
- The Median household income of a Compton resident is $63,889 a year. The US average is $69,021 a year.