Hereim, MN is a small city located in Minnesota. It is home to a variety of local businesses such as the Hereim Library, the Hereim Food Market, and the Hereim Community Center. The cost of living in Hereim is quite affordable with an average two-bedroom rent at $870 compared to the US's average of $1,430. The Grocery Cost Index in Hereim stands at 95 while the US average is 100, making food costs more affordable here than many other places. With its low cost of living and various services for locals, Hereim is an ideal place to live for those who are looking for a comfortable lifestyle without breaking their budget.
Hereim has an unemployment rate of 3.9%. The US average is 6.0%.
Hereim has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 8.8%, which is lower than the US average of 33.5%.
Tax Rates for Hereim
- The Sales Tax Rate for Hereim is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hereim 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 Hereim
- The average income of a Hereim resident is $26,322 a year. The US average is $28,555 a year.
- The Median household income of a Hereim resident is $71,458 a year. The US average is $69,021 a year.