Friendship, MN is a small town with many great features and opportunities. It is home to local businesses such as the Friendship Public Library, Cheers Bar & Grill, and El Establo Mexican Restaurant. The cost of living in Friendship is generally quite affordable; for instance, 2 bedroom rent in the area averages at $850 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Friendship is lower than the rest of US at 94 versus 100. Hence, it offers a great quality of life at an affordable price for its residents.
Friendship has an unemployment rate of 4.4%. The US average is 6.0%.
Friendship has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Friendship
- The Sales Tax Rate for Friendship is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Friendship 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 Friendship
- The average income of a Friendship resident is $34,922 a year. The US average is $37,638 a year.
- The Median household income of a Friendship resident is $75,000 a year. The US average is $69,021 a year.