Hampton, MN is a small town located in the southeastern part of Minnesota. It has a population of about 1,000 people and offers residents an affordable cost of living. The average 2 bedroom rent is $1,220 compared to the US average of $1430. Grocery costs are also lower in Hampton than the national average with index scores of 103 and 100 respectively.
Residents looking for work in or around Hampton can find a variety of businesses such as auto dealerships like Farm Bureau Auto Care and Craig Nissan; restaurants like Big Bob's Pizza and Ground Round Bar & Grill; clothing stores like G&K Services, Inc.; and construction companies like Fransen Construction Inc. Additionally, there are several banks as well as churches and other religious institutions in the area. With all these businesses plus access to outdoor recreation spots such as Lake George and Cannon River Wilderness Area, Hampton is an attractive place for families looking to move out of big cities but keep their wallets happy.
Hampton has an unemployment rate of 4.1%. The US average is 6.0%.
Hampton has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Hampton
- The Sales Tax Rate for Hampton is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Hampton 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 Hampton
- The average income of a Hampton resident is $32,239 a year. The US average is $37,638 a year.
- The Median household income of a Hampton resident is $87,321 a year. The US average is $69,021 a year.