Louisburg, MN is a small but vibrant city located in Minnesota with a population of 4,738. Louisburg is a great place to live as it provides affordable living with two bedroom apartments renting for $750 compared to the US average of $1,430. The cost of living in Louisburg is also lower than the national average; the grocery cost index is 93 verses 100 in the US. Locals also have access to many local amenities such as parks, shops and restaurants. Famous companies headquartered in this area include Imperial Plastics Inc., B&B Contractors, and Consolidated Electrical Distributors Inc. Overall, Louisburg offers its community members a safe and comfortable lifestyle at an affordable rate.
Louisburg has an unemployment rate of 4.5%. The US average is 6.0%.
Louisburg has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Louisburg
- The Sales Tax Rate for Louisburg is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Louisburg 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 Louisburg
- The average income of a Louisburg resident is $35,585 a year. The US average is $37,638 a year.
- The Median household income of a Louisburg resident is $43,542 a year. The US average is $69,021 a year.