Hallock, MN is a small city that offers its residents a peaceful and comfortable lifestyle. The average two bedroom rent in the area is $810 which is significantly lower than the US average of $1,430; making it an ideal location for those looking to save money on living expenses. Additionally, Hallock has a Grocery Cost Index of 93 compared to 100 in the US giving people access to affordable food options. Some notable local companies are South Forty Farm Market, Hallock Motors, and Central Valley Co-op. South Forty Farm Market provides residents with fresh produce and other groceries from local farms while Hallock Motors specializes in automotive repairs and maintenance. Central Valley Co-op offers grain storage solutions and agricultural services for local farmers. All these businesses provide essential services that help make up the community of Hallock, Minnesota.
Hallock has an unemployment rate of 4.0%. The US average is 6.0%.
Hallock has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Hallock
- The Sales Tax Rate for Hallock is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hallock 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 Hallock
- The average income of a Hallock resident is $36,193 a year. The US average is $28,555 a year.
- The Median household income of a Hallock resident is $60,625 a year. The US average is $69,021 a year.