Home, MN is a great place to live, work, and play. It has a lot to offer in terms of leisure activities, job opportunities, and quality of life. The cost of living in Home is very reasonable compared to the US average. The 2 bedroom rent in Home is $940 which is around 35% lower than the US average of $1,430. Additionally, the grocery cost index in Home stands at 97 versus 100 in the US which helps keep food prices low.
Home is home to several local businesses such as Wolf’s Auto Repair, Paws & Claws Pet Store, and Fishers Bakery. Wolf’s Auto Repair offers excellent maintenance services for all types of vehicles at competitive prices. Paws & Claws Pet Store offers everything from pet accessories to food for your furry friends. And Fishers Bakery has been baking delicious treats since 1922! With so many local companies offering quality products and services and low cost of living, it's no surprise that Home is a popular place to call home.
Home has an unemployment rate of 4.8%. The US average is 6.0%.
Home has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Home
- The Sales Tax Rate for Home is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Home 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 Home
- The average income of a Home resident is $37,871 a year. The US average is $37,638 a year.
- The Median household income of a Home resident is $82,188 a year. The US average is $69,021 a year.