Freeborn, MN County is an attractive area to reside in due to its competitive rental rates and low cost of living. The average rent for a two bedroom in Freeborn County averages out at $870 while the national average sits at $1,430. Furthermore, the Grocery Cost Index in the county is 94 when compared to the US average of 100, making it one of the more affordable places to live.
The county boasts various local companies and attractions such as Edge Outdoor Advertising, Freeborn Mower Cooperative Services, Brambleberry Vineyard & Winery and Albert Lea Lake Park. Edge Outdoor Advertising offers services such as billboard construction whilst Freeborn Mower Cooperative Services provides energy efficiency programs and solar options. Meanwhile, Brambleberry Vineyard & Winery is known for its acclaimed wines while Albert Lea Lake Park provides guests with a tranquil outdoor environment ideal for camping and fishing trips.
Freeborn County has an unemployment rate of 4.5%. The US average is 6.0%.
Freeborn County has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Freeborn County
- The Sales Tax Rate for Freeborn County is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Freeborn County 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 Freeborn County
- The average income of a Freeborn County resident is $26,083 a year. The US average is $28,555 a year.
- The Median household income of a Freeborn County resident is $59,862 a year. The US average is $69,021 a year.