Stanchfield, MN is a small town located in Isanti County with a population of about 500 people. The rental cost for a two bedroom apartment in the area is slightly higher than the US average at $1,830 per month. Groceries are also somewhat more expensive in Stanchfield than the national average as the grocery cost index is 99 versus 100 in the US. The job market in Stanchfield consists primarily of local companies such as Ulland Brothers Inc., which offers agricultural services and products, and Putz Construction Co., which provides residential construction services. Salaries vary depending on position, but most jobs pay competitive wages.
Stanchfield has an unemployment rate of 6.2%. The US average is 6.0%.
Stanchfield has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Stanchfield
- The Sales Tax Rate for Stanchfield is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Stanchfield 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 Stanchfield
- The average income of a Stanchfield resident is $10,448 a year. The US average is $37,638 a year.
- The Median household income of a Stanchfield resident is $46,250 a year. The US average is $69,021 a year.