Hugo, MN is a small town located in the northern part of Minnesota. It has a population of over 14,000 people and is known for its tight-knit community. The cost of living in Hugo is slightly higher than the national average, with the 2 Bedroom Rent being $1,780 compared to the US 2 Bedroom Rent of $1,430. Grocery Cost Index also differs between Hugo and the US at 103 versus 100 respectively. Hugo is home to companies such as Anders Matt's Appliance Repair and Allsops Flooring & Carpet Solutions as well as educational institutions like True Friends Adventure Camp and Trilogy School.
Hugo has an unemployment rate of 3.9%. The US average is 6.0%.
Hugo has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 36.4%, which is higher than the US average of 33.5%.
Tax Rates for Hugo
- The Sales Tax Rate for Hugo is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Hugo 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 Hugo
- The average income of a Hugo resident is $47,071 a year. The US average is $37,638 a year.
- The Median household income of a Hugo resident is $99,587 a year. The US average is $69,021 a year.