Marshall, MN Metro Area is an ideal place to live for people looking for an affordable cost of living. The 2 bedroom rent in this area is $830 compared to the US average of $1,430 making it much more affordable to live here. Additionally, the Grocery Cost Index is 94 versus 100 in the US which indicates that food prices are lower as well. Companies such as AgCountry Farm Credit Services, Schwan's Company, and Hy-Vee are popular employers in this area. Marshall also has many small businesses providing goods and services to the community members.
Marshall Metro Area has an unemployment rate of 4.2%. The US average is 6.0%.
Marshall Metro Area has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Marshall Metro Area
- The Sales Tax Rate for Marshall Metro Area is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Marshall 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 Marshall Metro Area
- The average income of a Marshall Metro Area resident is $32,581 a year. The US average is $37,638 a year.
- The Median household income of a Marshall Metro Area resident is $62,388 a year. The US average is $69,021 a year.