Manfred, MN is an attractive destination for those seeking a lower cost of living. The average 2 bedroom rent in Manfred is only $820 per month, compared to the national average of $1,430 per month. Furthermore, the Grocery Cost Index in Manfred scores 94 versus the US score of 100 – which means groceries are significantly cheaper in Manfred. Not only does Manfred boast a low cost of living, but it also has a variety of businesses catering to locals and visitors alike. Some notable local companies include Bemidji Steel Products, John's Restaurant & Bar, and Webber's Auto Repair. All things considered, Manfred is an ideal place to live or visit if you're looking for budget-friendly prices on housing and groceries.
Manfred has an unemployment rate of 4.5%. The US average is 6.0%.
Manfred has seen the job market decrease by -1.5% 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 Manfred
- The Sales Tax Rate for Manfred is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Manfred 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 Manfred
- The average income of a Manfred resident is $23,554 a year. The US average is $28,555 a year.
- The Median household income of a Manfred resident is $78,750 a year. The US average is $69,021 a year.