Sanford, MN is an excellent place to live if you are looking for a more affordable lifestyle. The average 2 bedroom rent in Sanford is $840, which is much lower than the US average of $1,430. Similarly, the grocery cost index in Sanford is 94 compared to 100 in the US. As such, residents of Sanford benefit from cheaper living costs. There are many local companies in Sanford that offer jobs and services. Some examples include K&P Construction LLC, JB Electric Motors Inc., and Radermacher Ready Mix Inc. All these companies provide great opportunities for locals to find employment or receive quality services in their area.
Sanford has an unemployment rate of 5.4%. The US average is 6.0%.
Sanford 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 Sanford
- The Sales Tax Rate for Sanford is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Sanford 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 Sanford
- The average income of a Sanford resident is $25,990 a year. The US average is $37,638 a year.
- The Median household income of a Sanford resident is $71,563 a year. The US average is $69,021 a year.