Hoff, MN is a small town located in Stearns County with a population of around 300 people. Its local companies include Hoff Squeezehouse, Hoff Cafe, and Hoff Mart. It is known for its low cost of living as evidenced by 2 bedroom rental rates being at $840 versus the US average of $1,430 and grocery cost index being 96 versus the US's 100. In addition to this, it also boasts ample opportunity for outdoor recreation with fishing spots on nearby lakes like Schaf Lake and Sauk Lake.
Hoff has an unemployment rate of 4.5%. The US average is 6.0%.
Hoff has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Hoff
- The Sales Tax Rate for Hoff is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hoff 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 Hoff
- The average income of a Hoff resident is $44,158 a year. The US average is $37,638 a year.
- The Median household income of a Hoff resident is $66,094 a year. The US average is $69,021 a year.