Kanabec, MN is a great place to live with low housing prices and low grocery costs. The 2 bedroom rent in Kanabec is $1,200 which is significantly lower than the US average of $1,430. Similarly, the Grocery Cost Index in Kanabec is 97 versus 100 in the US. This small town is home to many local businesses such as S&R Equipment, TMB Manufacturing, and Manitou Physics offering plenty of job opportunities to its residents.
Kanabec offers a peaceful surrounding with numerous recreational activities such as fishing, hunting and hiking that people can enjoy during their free time. It also has a nice school system which makes it the perfect choice for families looking for a place to settle down. With all of these factors combined, it's no wonder why someone would want to live in Kanabec!
Kanabec has an unemployment rate of 8.8%. The US average is 6.0%.
Kanabec 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 Kanabec
- The Sales Tax Rate for Kanabec is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kanabec 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 Kanabec
- The average income of a Kanabec resident is $19,504 a year. The US average is $28,555 a year.
- The Median household income of a Kanabec resident is $73,100 a year. The US average is $69,021 a year.