Marshall, MN is a small city located in southwest Minnesota. It has an estimated population of around 13,000 people. The cost of living is relatively affordable compared to the national average according to the Grocery Cost Index which is 97 versus 100 in the US. Rent for a two bedroom apartment is also quite affordable at $850 which is much lower than the national average of $1,430. Major employers in Marshall include Schwan’s Company, Jennie-O Turkey Store, Viking Coca Cola Bottling Co., and HealthPartners. All these businesses contribute to the local economy and provide employment opportunities for residents.
Marshall has an unemployment rate of 4.2%. The US average is 6.0%.
Marshall has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Marshall
- The Sales Tax Rate for Marshall is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Marshall 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 Marshall
- The average income of a Marshall resident is $27,657 a year. The US average is $28,555 a year.
- The Median household income of a Marshall resident is $53,138 a year. The US average is $69,021 a year.