Gorton, MN is a small town located in central Minnesota. It is home to a variety of locally owned businesses that make up the local culture and economy such as Gorton Bakery, Gorton Hardware & Paint Store, and Gorton Furniture Factory. The cost of rent for a 2-bedroom house in Gorton is $850 per month which is lower than the national average of $1,430 per month. Additionally, the grocery cost index in Gorton is 94 compared to 100 in the US. This means that groceries are generally 6% cheaper in Gorton than they are nationally. Overall, living in Gorton offers relatively affordable housing and grocery options compared to other parts of the country.
Gorton has an unemployment rate of 5.4%. The US average is 6.0%.
Gorton has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Gorton
- The Sales Tax Rate for Gorton is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Gorton 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 Gorton
- The average income of a Gorton resident is $30,521 a year. The US average is $28,555 a year.
- The Median household income of a Gorton resident is $108,000 a year. The US average is $69,021 a year.