Sumner, MN is known as a small town with a population of around 800 people. It is located in the heart of Minnesota and features many popular attractions including the local park, historic sites, and restaurants. The cost of living in Sumner is below the national average, making it an attractive option for those looking to save money. Two bedroom rent averages at $1,030 per month. Grocery costs also remain lower than the national average with an index rating of 97. There are several local businesses in Sumner that make up the local economy such as Five Star Manufacturing Solutions, ABC Realty Services and Sunrise Floral Design Company. All three of these businesses have been operating in Sumner for many years and provide much needed goods and services to its residents.
Sumner has an unemployment rate of 4.7%. The US average is 6.0%.
Sumner has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Sumner
- The Sales Tax Rate for Sumner is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Sumner 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 Sumner
- The average income of a Sumner resident is $37,296 a year. The US average is $28,555 a year.
- The Median household income of a Sumner resident is $94,844 a year. The US average is $69,021 a year.