Askov, MN is a great place to live for anyone seeking an affordable lifestyle. The median two bedroom rent in Askov is only $1,030 compared to the US median rent of $1,430. This means that those living in Askov can save over 25% on their housing costs without sacrificing quality or amenities. Additionally, grocery costs in Askov are 4% lower than elsewhere in the US with a Grocery Cost Index of 96 versus 100.
Living in Askov also provides access to several local companies which offer goods and services to its residents. Some of these companies include Smoki’s Bar & Grill which offers delicious American cuisine, B&B Automotive for car repair services, and Redwood Auction LLC for auction service needs.
All in all, Askov is an affordable option for those looking for a great place to live close by many great businesses and services.
Askov has an unemployment rate of 7.7%. The US average is 6.0%.
Askov has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Askov
- The Sales Tax Rate for Askov is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Askov 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 Askov
- The average income of a Askov resident is $22,515 a year. The US average is $28,555 a year.
- The Median household income of a Askov resident is $41,375 a year. The US average is $69,021 a year.