Port Hope, MN is an attractive town for those looking for affordable rent. The average two bedroom rental in Port Hope is $1,000 compared to the US average of $1,430. Grocery cost are also lower with an index of 98 versus 100 in the US.
Port Hope has a variety of local businesses that provide employment opportunities such as Port Hope Co-op Feed Mill, Pivotal Point Printing & Graphics, and Artworks Floral Design. There are also cultural centers like the Port Hope Area Museum and Historical Society and dozens of parks like Marshall Park that offer plenty of outdoor activities.
Overall, Port Hope is an ideal place to live because it offers low rent costs combined with plenty of local amenities. It's small town atmosphere makes it a great place to relax and enjoy life's simple pleasures without breaking the bank.
Port Hope has an unemployment rate of 5.1%. The US average is 6.0%.
Port Hope has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Port Hope
- The Sales Tax Rate for Port Hope is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Port Hope 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 Port Hope
- The average income of a Port Hope resident is $27,571 a year. The US average is $28,555 a year.
- The Median household income of a Port Hope resident is $91,250 a year. The US average is $69,021 a year.