Sanborn, MN is a small town with an estimated population of about 1,000 people. The cost of renting a two bedroom apartment is relatively low at only $820 compared to the national average of $1,430. Additionally, the cost of groceries in Sanborn is lower than the US average due to its Grocery Cost Index score of 94 versus 100 in the US. For those looking for work or entertainment, there are plenty of local companies and attractions that make Sanborn a great place to live. Local companies include Sanborn Co-op Creamery, Super 8 by Wyndham Sanborn and JB's Pub & Grill. Attractions in the area include Mesabi Trail Park and Lake Shetek State Park.
Sanborn has an unemployment rate of 5.5%. The US average is 6.0%.
Sanborn has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Sanborn
- The Sales Tax Rate for Sanborn is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Sanborn 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 Sanborn
- The average income of a Sanborn resident is $21,583 a year. The US average is $28,555 a year.
- The Median household income of a Sanborn resident is $47,500 a year. The US average is $69,021 a year.