Lamberton, MN is a small city located in Renville County. The city is home to several local companies such as Minnesota Specialty Mills, Lamberton Producers Co-op, and Lamberton Public Schools. The average cost of 2 bedroom rent in Lamberton is $840, which is significantly lower than the US average of $1,430. This difference arises from several factors such as the city's size and availability of resources. Additionally, the Grocery Cost Index in Lamberton is 94 compared to 100 on average across the US. This indicates that people living in Lamberton have access to relatively affordable groceries which also helps maintain low rent prices compared with other cities.
Lamberton has an unemployment rate of 5.5%. The US average is 6.0%.
Lamberton 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 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Lamberton
- The Sales Tax Rate for Lamberton is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lamberton 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 Lamberton
- The average income of a Lamberton resident is $27,611 a year. The US average is $37,638 a year.
- The Median household income of a Lamberton resident is $56,250 a year. The US average is $69,021 a year.