Herman, MN is a small town with a population of less than 1,000 people located in the Central Minnesota area of the United States. It offers a variety of amenities including local businesses such as Blomberg Lumber, Circle S Country Store, and Herman's Bakery & Deli. The two-bedroom rent in Herman is $820, significantly lower than the average two-bedroom rent in the US at $1,430. Additionally, its Grocery Cost Index is 93 compared to 100 in the US. This small town has an exquisite rural charm that many find appealing and can provide an affordable quality of life for those looking to settle down away from the hustle and bustle of big cities.
Herman has an unemployment rate of 5.4%. The US average is 6.0%.
Herman has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Herman
- The Sales Tax Rate for Herman is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Herman 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 Herman
- The average income of a Herman resident is $20,814 a year. The US average is $28,555 a year.
- The Median household income of a Herman resident is $51,786 a year. The US average is $69,021 a year.