Marshfield, MN is a small city located in the central part of the state with an estimated population of 19,000. It offers a low cost of living when compared to the rest of the United States, as evidenced by its average two-bedroom rent of $810 being significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index for Marshfield is 94 compared to 100 in the US. This makes it an ideal location for those looking to save money on living expenses. Popular local companies in Marshfield include National Presto Industries Inc., Marshfield Clinic Health System and Brick City Dairy.
Marshfield has an unemployment rate of 5.7%. The US average is 6.0%.
Marshfield 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 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Marshfield
- The Sales Tax Rate for Marshfield is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Marshfield 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 Marshfield
- The average income of a Marshfield resident is $27,940 a year. The US average is $28,555 a year.
- The Median household income of a Marshfield resident is $122,875 a year. The US average is $69,021 a year.