\nSt. Stephen, MN is a small town located in the northern part of Minnesota. It is known for its scenic views and peaceful atmosphere. The cost of living in St. Stephen is much more affordable than the average US city, with rent for 2 bedroom apartments being $810 compared to $1,430 in the US on average. Additionally, the Grocery Cost Index in St. Stephen is 98 versus 100 in the US.
St. Stephen has numerous local businesses that provide a wide range of services and products to its residents such as restaurants, grocery stores, medical clinics, banks, retail stores and professional services. Some notable companies include Northern Star Bank and Voss Automotive Parts & Supplies. These companies offer competitive pricing and friendly customer service, making them popular among locals.
Overall, St. Stephen offers a great quality of life at an affordable price point that makes it attractive to those looking to live an inexpensive yet comfortable life. With its many businesses and lower-than-average costs of living, St. Stephen is an ideal place to call home for anyone looking to save money while still enjoying all the benefits of living in a small town community.
St. Stephen has an unemployment rate of 4.7%. The US average is 6.0%.
St. Stephen has seen the job market decrease by -2.4% 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. Stephen
- The Sales Tax Rate for St. Stephen is 7.1%. The US average is 7.3%.
- The Income Tax Rate for St. Stephen 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. Stephen
- The average income of a St. Stephen resident is $39,253 a year. The US average is $37,638 a year.
- The Median household income of a St. Stephen resident is $87,596 a year. The US average is $69,021 a year.