Kalmar, MN is a small city in Southern Minnesota and is known for its historical sites and small-town charm. It has a population of 2,700 people and offers many job opportunities due to its proximity to the University of Minnesota. The cost of living is relatively low with 2 bedroom rents averaging at $1,270 per month which is lower than the US average of $1,430 per month. Grocery costs are also slightly lower with an index of 101 compared to 100 in the US. Some notable local businesses are Kalmar’s SuperValue grocery store, Great Plains Imports auto dealership and Stark & Sons Construction. Kalmar also has numerous retail stores, restaurants and pubs that provide visitors with great dining experiences.
Kalmar has an unemployment rate of 3.7%. The US average is 6.0%.
Kalmar has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Kalmar
- The Sales Tax Rate for Kalmar is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Kalmar 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 Kalmar
- The average income of a Kalmar resident is $40,239 a year. The US average is $28,555 a year.
- The Median household income of a Kalmar resident is $113,750 a year. The US average is $69,021 a year.