Hutchinson, MN Metro Area is known for its affordable cost of living. The average rent for a two-bedroom apartment is $850 compared to the US average of $1,430. Grocery costs in Hutchinson are also below the national average index with 97 versus 100 in the US. Numerous local businesses have been established in Hutchinson, such as Cargill, 3M, Schwan’s Company, and Hutchinson Technology Incorporated. These companies contribute to the thriving economy of Hutchinson and make it an attractive place to work and live in. With its low rent costs and grocery index levels, living in Hutchinson is an easy decision for many people looking to save on their day-to-day expenses.
Hutchinson Metro Area has an unemployment rate of 5.1%. The US average is 6.0%.
Hutchinson Metro Area has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Hutchinson Metro Area
- The Sales Tax Rate for Hutchinson Metro Area is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Hutchinson Metro Area 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 Hutchinson Metro Area
- The average income of a Hutchinson Metro Area resident is $36,575 a year. The US average is $37,638 a year.
- The Median household income of a Hutchinson Metro Area resident is $67,067 a year. The US average is $69,021 a year.