Norton, MN is a vibrant community located in the greater Minneapolis area. It has a relatively low cost of living compared to other cities across the United States, with a two bedroom rent being $910 compared to the US average of $1430. Additionally, the Grocery Cost Index in Norton is 98 versus 100 in the US. Residents can also benefit from access to great local businesses like Norton Theater, Wolf Creek Brewery, and Prairie Woods Golf Course. Other key amenities include quality schools, public parks, restaurants, shopping centers, and more.
Norton has an unemployment rate of 3.7%. The US average is 6.0%.
Norton has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Norton
- The Sales Tax Rate for Norton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Norton 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 Norton
- The average income of a Norton resident is $24,731 a year. The US average is $28,555 a year.
- The Median household income of a Norton resident is $86,750 a year. The US average is $69,021 a year.