Hatfield, MN is a small rural town located in the northern part of the state. The average rent for a two bedroom apartment is $850 which is much lower than the national average of $1,430. Hatfield's grocery cost index is 94 versus 100 in the US, meaning groceries are relatively more affordable here. \nThe town has various local businesses and companies that contribute to its economy. A few notable ones inclde Hatfield Feed & Grain which supplies feed to many local farmers, The Dairy Bar which serves delicious ice cream and sandwiches to locals and tourists alike, and Hatfield Medical Center which provides medical services to residents of the town.
Hatfield has an unemployment rate of 5.1%. The US average is 6.0%.
Hatfield has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Hatfield
- The Sales Tax Rate for Hatfield is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hatfield 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 Hatfield
- The average income of a Hatfield resident is $19,563 a year. The US average is $37,638 a year.
- The Median household income of a Hatfield resident is $76,667 a year. The US average is $69,021 a year.