St. Francis, MN is an attractive location for renters due to its relatively affordable rent. The average 2 bedroom rent in St. Francis is $1,400, which is slightly lower than the US average of $1,430. Additionally, cost of living indices are also relatively low in the area compared to that of the US. The Grocery Cost Index in St. Francis is 100 versus 100 in the US, showing that goods and services can be purchased at similar prices as compared to the rest of the country.
The city offers a range of amenities like shopping centers and restaurants to meet daily needs and leisure activities such as hiking trails and golf courses for outdoor entertainment. Some local companies like Joes Lumber Company provide a wide selection of building materials while other businesses such as Town Hall Cafe offer classic American dishes with locally sourced ingredients. With its competitive rent costs and attractive amenities, St. Francis is an ideal place to call home or visit for a weekend getaway!
St. Francis has an unemployment rate of 4.4%. The US average is 6.0%.
St. Francis 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 35.9%, which is higher than the US average of 33.5%.
Tax Rates for St. Francis
- The Sales Tax Rate for St. Francis is 7.1%. The US average is 7.3%.
- The Income Tax Rate for St. Francis 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 St. Francis
- The average income of a St. Francis resident is $26,998 a year. The US average is $28,555 a year.
- The Median household income of a St. Francis resident is $90,015 a year. The US average is $69,021 a year.