St. Martin, MN is a small town located in central Minnesota with a population of around 900 people. It is home to many local businesses such as St. Martin Quality Meats & Eatery, Ducks Bar & Grill, and Stemmler Electric & Plumbing Co - all of which offer great services to the local community. The cost of living in St. Martin is very affordable with 2 bedroom rent being around $850 compared to the US average of $1,430 and a grocery cost index of 96 compared to an index of 100 in the US. This makes it an attractive place for those looking for cheaper housing and food options than in other parts of the country.
St. Martin has an unemployment rate of 4.7%. The US average is 6.0%.
St. Martin has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for St. Martin
- The Sales Tax Rate for St. Martin is 7.6%. The US average is 7.3%.
- The Income Tax Rate for St. Martin 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. Martin
- The average income of a St. Martin resident is $22,566 a year. The US average is $28,555 a year.
- The Median household income of a St. Martin resident is $68,438 a year. The US average is $69,021 a year.