The average rent for a two-bedroom property in Hampton, MN (55031) is $1,210 per month. This is lower than the US average of $1,430. The grocery cost index in Hampton is 103 compared to 100 nationally. This means groceries cost 3% more on average in Hampton.
Hampton, MN is home to many local companies that make up the economy. Just a few of these businesses include Mother Nature's Garden Center & Landscape Company, Country Inn and Suites by Radisson, and Frandsen Bank & Trust. These businesses provide employment opportunities for residents and help contribute to the growth of the area.
Hampton (zip 55031) has an unemployment rate of 4.1%. The US average is 6.0%.
Hampton (zip 55031) 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 (zip 55031)
- The Sales Tax Rate for Hampton (zip 55031) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Hampton (zip 55031) 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 (zip 55031)
- The average income of a Hampton (zip 55031) resident is $42,634 a year. The US average is $37,638 a year.
- The Median household income of a Hampton (zip 55031) resident is $99,028 a year. The US average is $69,021 a year.