Norcross, MN is a small town located in the heart of Minnesota. It is home to a variety of businesses, ranging from restaurants to retail stores. Rent for a two bedroom apartment in Norcross is surprisingly affordable at $850, much lower than the nationwide average of $1,430. Additionally, the grocery cost index in Norcross is 94, which is 6 points lower than the US average. The local economy of Norcross includes companies such as Farmer's Country Market, Main Street Pizza and Subs, and Creative Stitches Embroidery & Gifts Co., just to name a few. Overall, Norcross has an excellent economy with an array of stores and businesses that provide many employment opportunities for its residents.
Norcross has an unemployment rate of 5.4%. The US average is 6.0%.
Norcross has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Norcross
- The Sales Tax Rate for Norcross is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Norcross 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 Norcross
- The average income of a Norcross resident is $55,674 a year. The US average is $37,638 a year.
- The Median household income of a Norcross resident is $86,875 a year. The US average is $69,021 a year.