Moorhead, IA is a small but vibrant community with a wide range of amenities and small businesses. It offers an affordable cost of living for those looking to relocate to the area with two-bedroom apartments going for $950 compared to the US average of $1,430. Groceries are also cheaper in Moorhead with a grocery cost index at 92 compared to 100 US average. The local economy is supported by major employers such as John Deere and Tyson Foods as well as many smaller companies such as Midas Auto Service Experts, Walmart Supercenter, and J&J Plumbing.
Moorhead also has plenty of options for entertainment and recreation with its proximity to Lake Red Rock, national parks, rivers, and trails. Additionally, there are multiple museums and art galleries in the area making it a great place for culture enthusiasts. With its low cost of living combined with plenty of activities and cultural opportunities, Moorhead makes a great choice for those looking to make a move.
Moorhead has an unemployment rate of 5.1%. The US average is 6.0%.
Moorhead has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 13.7%, which is lower than the US average of 33.5%.
Tax Rates for Moorhead
- The Sales Tax Rate for Moorhead is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Moorhead is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Moorhead
- The average income of a Moorhead resident is $25,770 a year. The US average is $28,555 a year.
- The Median household income of a Moorhead resident is $32,143 a year. The US average is $69,021 a year.