Krain, Minnesota is a town known for its small-town charm and friendly locals. The cost of living in Krain is significantly lower than the US average, with rent for two-bedroom apartments going for $900 compared to $1,430 nationwide. The grocery cost index is also much lower in Krain than the rest of the country at 98 versus 100. This makes Krain an ideal place for those looking to save money on basic necessities.
Krain is home to several successful businesses such as K&K Manufacturing, a family-owned metal fabrication shop that has been around since 2002. There's also J&J Produce, an organic produce stand that has been in operation since 2013. Both companies are great examples of the entrepreneurial spirit alive and well in Krain. Overall, it is clear why people would choose to live in this charming and affordable town.
Krain has an unemployment rate of 4.7%. The US average is 6.0%.
Krain 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 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Krain
- The Sales Tax Rate for Krain is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Krain 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 Krain
- The average income of a Krain resident is $27,025 a year. The US average is $28,555 a year.
- The Median household income of a Krain resident is $90,833 a year. The US average is $69,021 a year.