Hamre, MN Economy


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Hamre, MN is a small town in the state of Minnesota. It provides an affordable living for its residents, as rent for two bedrooms is only $840 compared to the US average of $1,430. Additionally, Hamre has a lower grocery cost index than the national average at 95. The town boasts many local companies such as G&G Construction and Stiles Plumbing. Apart from these companies, there are also many employers in the area such as Hy-Vee Supermarket and Western Bank. These employers provide numerous job opportunities for local residents.

Hamre has an unemployment rate of 5.1%. The US average is 6.0%.

Hamre has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.

Tax Rates for Hamre
- The Sales Tax Rate for Hamre is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hamre 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 Hamre
- The average income of a Hamre resident is $102,606 a year. The US average is $37,638 a year.
- The Median household income of a Hamre resident is $194,306 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHamre, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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