Tamarac, MN is a small town with a population of about 5,000 people in St. Louis County. This small town offers its inhabitants an affordable lifestyle compared to the US as evidenced by the two bedroom rent of $810 versus the US average rate of $1,430 and grocery cost index of 93 versus 100 in the US. The residents of Tamarac enjoy the benefits of living in a rural setting while still being close enough to larger towns and cities for work or entertainment. Local companies such as Northern Professional Services Inc., Stammer Construction Company, and Twin Ports Roofing offer employment opportunities that help keep the local economy growing. Although Tamarac may not have as many amenities as larger cities, it offers its citizens a peaceful atmosphere that is both family friendly and affordable.
Tamarac has an unemployment rate of 6.6%. The US average is 6.0%.
Tamarac has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Tamarac
- The Sales Tax Rate for Tamarac is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Tamarac 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 Tamarac
- The average income of a Tamarac resident is $30,713 a year. The US average is $28,555 a year.
- The Median household income of a Tamarac resident is $90,500 a year. The US average is $69,021 a year.