Higdem, MN is a small town in the Midwest which has a cost of living that is below the national average. The average two bedroom rent in Higdem is $940, which is significantly lower than the national average of $1,430. Additionally, grocery costs in Higdem are 5% cheaper than the US overall. Local companies in Higdem include Rosalie's Cafe, Just for You Bakery & Deli and Dreamscape Landscaping. These businesses provide residents with quality food and reliable landscaping services at an affordable price. Therefore, Higdem provides a great option for those wanting to reside in an area with low cost of living expenses and access to local businesses.
Higdem has an unemployment rate of 4.9%. The US average is 6.0%.
Higdem 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 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Higdem
- The Sales Tax Rate for Higdem is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Higdem 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 Higdem
- The average income of a Higdem resident is $40,265 a year. The US average is $28,555 a year.
- The Median household income of a Higdem resident is $46,964 a year. The US average is $69,021 a year.