Humboldt, MN is a small city located in the state of Minnesota. It is an attractive place to live with its affordable rent prices and cost of living. The average two bedroom rent in Humboldt is $810 which is significantly lower than the US average of $1430. Additionally, the Grocery Cost Index in Humboldt is 92 compared to 100 in the US, making groceries more affordable. \nThe city has a variety of employers ranging from technology companies to health care providers. Some popular local companies are Stoneman Schopf Inc., Humboldt Machine Company and HealthPartners Clinic. In addition, there are plenty of opportunities for shopping, dining, and entertainment throughout the city.
Humboldt has an unemployment rate of 4.0%. The US average is 6.0%.
Humboldt has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Humboldt
- The Sales Tax Rate for Humboldt is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Humboldt 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 Humboldt
- The average income of a Humboldt resident is $15,816 a year. The US average is $37,638 a year.
- The Median household income of a Humboldt resident is $14,519 a year. The US average is $69,021 a year.