Sharon, MN is a small town in the Midwest with a population of around 5,000 people. The cost of living is relatively low with an average two bedroom rental rate of $890 compared to the US rate of $1,430. Grocery costs are also lower than average with an index rating of 98 out of 100. Local businesses and attractions in Sharon include KJ's Drive-In, The Malarkey's Pub & Grill, and Ingebrand Funeral Home. Sharon also has several parks for visitors to explore, such as Fannie Grove Park which includes a playground area and pavilion. It's also home to several antique and vintage stores that attract shoppers from all over the state.
Sharon has an unemployment rate of 6.8%. The US average is 6.0%.
Sharon has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Sharon
- The Sales Tax Rate for Sharon is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Sharon 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 Sharon
- The average income of a Sharon resident is $44,725 a year. The US average is $37,638 a year.
- The Median household income of a Sharon resident is $89,375 a year. The US average is $69,021 a year.