Strand, MN is a small town located in the Midwest of the United States with a population of about 10,000 people. The cost of living in Strand is very reasonable and affordable compared to other larger cities in the US. Rent for a two bedroom home is around $950 which is significantly lower than the US average of $1,430. Grocery costs are also on average four points below the national average at 94 which makes it easier for residents on a budget to get by.
The town has several local businesses that further contribute to its charm, including Strand Cafe and Country Store, Strand Bakery and Donuts, and Peterson's Hardware. All three have been family owned businesses for generations and each offers something unique from freshly made donuts to farm supplies. All these factors combine to make Strand an attractive place to live with a low cost of living and plenty of local resources.
Strand has an unemployment rate of 5.7%. The US average is 6.0%.
Strand has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Strand
- The Sales Tax Rate for Strand is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Strand 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 Strand
- The average income of a Strand resident is $49,924 a year. The US average is $37,638 a year.
- The Median household income of a Strand resident is $68,750 a year. The US average is $69,021 a year.