Ann, Minnesota is a small town located in the heart of the Midwest. It has a population of just under 1,000 people, but despite its size it offers a lot for its citizens. The cost of living in Ann is quite reasonable and much lower than that of the US as a whole. For example, 2 bedroom rent in Ann is only $790 compared to $1,430 on average across the nation. Additionally, grocery costs in Ann are lower than the national average with an index score of 94 versus 100 in the US.
Local companies and businesses make up much of Ann's economy. These include restaurants like Mabel's Eatery & Pub which serves classic American fare and The Olde Brick House Restaurant & Bar which offers steaks and seafood along with an extensive beer selection. There are also several retail stores including Annie's Place Clothing Boutique, Frisky Goat Coffee Shop, and Midway Grocery Store where locals can find what they need at a competitive price.
Overall Ann provides its citizens with an affordable lifestyle when compared to other parts of the country. There are plenty of local businesses that provide customers with excellent services while still keeping their costs low. This makes it easy for even those on tight budgets to live comfortably in Ann.
Ann has an unemployment rate of 4.1%. The US average is 6.0%.
Ann has seen the job market increase by 4.8% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Ann
- The Sales Tax Rate for Ann is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ann 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 Ann
- The average income of a Ann resident is $53,903 a year. The US average is $37,638 a year.
- The Median household income of a Ann resident is $94,688 a year. The US average is $69,021 a year.