Aitkin, MN is a small town in central Minnesota with a range of attractions and businesses. Along with being an outdoor paradise, Aitkin has the unique feature of being more affordable than average. The 2 bedroom rent for the area is $810 as compared to the US average which is $1,430. Additionally the grocery cost index for Aitkin is 98 versus 100 in the US. This makes Aitkin an ideal place for those looking for a more budget friendly lifestyle without sacrificing convenience. \nThe local businesses in Aitkin include Tilly's Farm Market, Aitkin Floral & Gifts, Brewed Awakenings Coffee House and Riverside Auto Repair. There are also plenty of attractions such as Baumann Park, Camp Lincoln and Serenity Valley Winery that contribute to the charm of this small town community.
Aitkin has an unemployment rate of 7.1%. The US average is 6.0%.
Aitkin has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Aitkin
- The Sales Tax Rate for Aitkin is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Aitkin 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 Aitkin
- The average income of a Aitkin resident is $23,858 a year. The US average is $28,555 a year.
- The Median household income of a Aitkin resident is $36,667 a year. The US average is $69,021 a year.