Kingman, MN is a small city in the United States with an estimated population of 860 people. It is well connected to major cities, such as Minneapolis and St. Paul, making it an attractive destination for those seeking a quieter life compared to city life. The cost of living in Kingman is quite affordable, with 2 bedroom rent at $830 per month versus $1,430 across the US on average. Grocery Cost Index for Kingman is 95 versus 100 for the US. As a result, many people find it more economical to live here compared to other places. Several local companies operate in Kingman such as Renville County Cooperative Oil Association and Turbine Works LLC., among others. For those looking for a slower pace of life yet still having access to big city amenities, living in Kingman can be beneficial due to its affordability and easy access to major urban areas.
Kingman has an unemployment rate of 5.9%. The US average is 6.0%.
Kingman has seen the job market increase by 6.7% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Kingman
- The Sales Tax Rate for Kingman is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kingman 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 Kingman
- The average income of a Kingman resident is $51,447 a year. The US average is $28,555 a year.
- The Median household income of a Kingman resident is $66,250 a year. The US average is $69,021 a year.