Culdrum, MN is a small community situated in the northern region of the state. This town has a population of approximately 2,500 people and offers a variety of services and amenities to its residents. The cost of living in Culdrum is quite affordable with two bedroom rentals averaging around $840 and a grocery cost index that is slightly lower than the national average. There are several local companies operating in Culdrum such as Tims Engineering, Flynn Plumbing & Heating and Greenway Home Services. These companies provide quality services at competitive prices for both business and residential customers. In addition to these companies, there are many more businesses operating in the area which contribute to the vibrant atmosphere of this small town.
Culdrum has an unemployment rate of 7.1%. The US average is 6.0%.
Culdrum has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Culdrum
- The Sales Tax Rate for Culdrum is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Culdrum 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 Culdrum
- The average income of a Culdrum resident is $21,875 a year. The US average is $28,555 a year.
- The Median household income of a Culdrum resident is $65,268 a year. The US average is $69,021 a year.