Ford, MN is a small town located in the state of Minnesota. It has a population of around 500 people and is known for its quiet rural lifestyle. Residents of Ford have access to many local amenities such as grocery stores, restaurants, bars, coffee shops, parks, and more. There are also a number of local businesses including Ford Hardware Store, Cornerstone Bakery & Cafe, JT's Bar & Grill, Spring Valley Family Farm Market, and more. The 2 bedroom rent in Ford is quite affordable at $940 compared to the US average of $1,430. Furthermore, grocery costs in Ford are 97 versus 100 in the US which means it is cheaper to buy groceries there than most other places.
Ford has an unemployment rate of 8.8%. The US average is 6.0%.
Ford has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Ford
- The Sales Tax Rate for Ford is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ford 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 Ford
- The average income of a Ford resident is $20,698 a year. The US average is $28,555 a year.
- The Median household income of a Ford resident is $77,857 a year. The US average is $69,021 a year.