Hamlin, MN is a small town with plenty of charm. It is a great place to live for those who are looking for an affordable place to call home. The average two bedroom rent in Hamlin, MN comes in at $770 compared to the national average of $1,430; making it a great option for those on a budget. Additionally, the Grocery Cost Index in Hamlin, MN is 93 versus 100 in the US; meaning that groceries cost less here than in other parts of the country. There are several local businesses around Hamlin, MN, such as Benson Office Supply, Bremer Bank and Countryside Veterinary Hospital. These companies provide services and products which contribute to the local economy and make living in and around Hamlin an even more pleasant experience.
Hamlin has an unemployment rate of 4.5%. The US average is 6.0%.
Hamlin has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Hamlin
- The Sales Tax Rate for Hamlin is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hamlin 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 Hamlin
- The average income of a Hamlin resident is $28,621 a year. The US average is $28,555 a year.
- The Median household income of a Hamlin resident is $56,250 a year. The US average is $69,021 a year.