Kinghurst, MN is a small town located in the Midwest with a population of approximately 5,000 people. It is known for its low cost of living due to its relatively low rent and grocery costs. For example, 2 bedroom rent in Kinghurst, MN is around $820 which is significantly lower than the US average of $1,430. Similarly, The Grocery Cost Index in Kinghurst stands at 94 compared to 100 in the US. Furthermore, it has a strong industrial base with companies such as Bright Horizons Industries, Waterdale Steel Works and Timberline Construction having significant presence in the area. All these reasons make Kinghurst an attractive destination for those looking for an affordable place to live.
Kinghurst has an unemployment rate of 6.2%. The US average is 6.0%.
Kinghurst has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Kinghurst
- The Sales Tax Rate for Kinghurst is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kinghurst 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 Kinghurst
- The average income of a Kinghurst resident is $20,059 a year. The US average is $28,555 a year.
- The Median household income of a Kinghurst resident is $69,583 a year. The US average is $69,021 a year.