Kabetogama, Minnesota is a small town of about 500 people located in the north-central part of the state. The cost of living in Kabetogama is quite low compared to the US average, including 2 bedroom rent which stands at $1,240 versus $1,430 nationally. The Grocery Cost Index in Kabetogama is also lower than the national average at 99 index points compared to 100.
Kabetogama is home to several local businesses that contribute to the local economy. These include establishments such as Indian Trails Resort, which offers fishing and outdoor recreation activities for guests, and Loons' Nest Resort, which provides meals and lodging services. There are also many shops catering to tourists such as the Voyageur Trading Post gift shop and Reeds Trading Post convenience store. These local establishments help support jobs and bring much needed tourism revenue into the area.
Kabetogama has an unemployment rate of 4.8%. The US average is 6.0%.
Kabetogama has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Kabetogama
- The Sales Tax Rate for Kabetogama is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kabetogama 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 Kabetogama
- The average income of a Kabetogama resident is $27,610 a year. The US average is $28,555 a year.
- The Median household income of a Kabetogama resident is $60,313 a year. The US average is $69,021 a year.