South Harbor, MN is a great place to live! This small town has been growing in recent years due to an influx of new residents, businesses, and job opportunities. Companies such as SmallTown Coffee, Local Cafe & Deli, and Farmers Market are all popular with locals looking for essential services. When it comes to affordability, South Harbor is hard to beat. The average rent for a two bedroom apartment is $950 compared to the national average of $1,430. The grocery cost index in South Harbor is also lower than the national average at 96 versus 100 respectively. Overall, South Harbor offers a unique combination of affordability and quality of life that make it a great place to call home.
South Harbor has an unemployment rate of 7.9%. The US average is 6.0%.
South Harbor has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for South Harbor
- The Sales Tax Rate for South Harbor is 7.4%. The US average is 7.3%.
- The Income Tax Rate for South Harbor 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 South Harbor
- The average income of a South Harbor resident is $26,076 a year. The US average is $28,555 a year.
- The Median household income of a South Harbor resident is $50,417 a year. The US average is $69,021 a year.