Sherburn, MN is a small town in Minnesota with a population of around 1,000 people. It is an affordable place to live with the average two bedroom rent costing only $830 per month. The cost of groceries is also lower than the national average which stands at 100 on the Grocery Cost Index. This index in Sherburn low at 94 meaning that residents get great bang for their buck. There are a number of local businesses in Sherburn like B&B Groceries, J&J Sporting Goods and Ace Hardware. All these stores offer competitive prices so that locals can get access to goods and services without breaking the bank. Overall, living in Sherburn means that one can enjoy life without having to worry about high costs of living.
Sherburn has an unemployment rate of 4.3%. The US average is 6.0%.
Sherburn has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Sherburn
- The Sales Tax Rate for Sherburn is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Sherburn 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 Sherburn
- The average income of a Sherburn resident is $23,511 a year. The US average is $28,555 a year.
- The Median household income of a Sherburn resident is $51,563 a year. The US average is $69,021 a year.