Sverdrup, MN is a small city located in the Midwest region of the United States. It has a population of approximately 5,000 people and is known for its low cost of living. The average 2 bedroom rent in Sverdrup is only $870 while the national average 2 bedroom rent is $1,430. Additionally, grocery costs are on par with national averages as the Grocery Cost Index in Sverdrup scores 100 out of 100 compared to national averages.
The town offers many local businesses such as Torvick Hardware, Sverdrup Community Bank and Farmers Insurance Agency that provide goods and services to the community. There are also several restaurants throughout the city such as Susie's Diner and Pete's Barbecue for residents to enjoy delicious meals with family and friends.
Sverdrup has an unemployment rate of 5.3%. The US average is 6.0%.
Sverdrup has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Sverdrup
- The Sales Tax Rate for Sverdrup is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Sverdrup 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 Sverdrup
- The average income of a Sverdrup resident is $31,248 a year. The US average is $28,555 a year.
- The Median household income of a Sverdrup resident is $76,071 a year. The US average is $69,021 a year.