Fossum, MN is a small city in the United States with an estimated population of around 13,000 people. It is located in Anoka County and has a cost of living that is slightly lower than the national average. The median rent for two-bedroom apartments in Fossum is $1,040 compared to the national average of $1,430. Similarly, the Grocery Cost Index in Fossum is 93 compared to 100 on a national level. There are several local companies operating within Fossum such as Fossum Landscaping & Nursery, S&H Financial Group LLC., and I-90 Collision Repair Center Inc. These businesses offer various services and products to the residents of Fossum and its surrounding areas.
Fossum has an unemployment rate of 5.7%. The US average is 6.0%.
Fossum has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Fossum
- The Sales Tax Rate for Fossum is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Fossum 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 Fossum
- The average income of a Fossum resident is $59,097 a year. The US average is $37,638 a year.
- The Median household income of a Fossum resident is $66,563 a year. The US average is $69,021 a year.