McDavitt, MN is a small town located in the Midwest region of the United States. The population of the town is approximately 5,000 citizens, who are mostly employed in local service industries. McDavitt is home to several businesses including McDavitt General Store, Klein's Family Pharmacy and Western Town Country Store. Many of those living in McDavitt are retired individuals or families with school-age children. Rent for a two bedroom apartment in McDavitt is significantly lower than national averages at only $920 compared to the US average of $1,430. Grocery costs are also comparatively low in McDavitt with its Grocery Cost Index of 93 versus 100 in the US.
McDavitt has an unemployment rate of 4.8%. The US average is 6.0%.
McDavitt 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 29.9%, which is lower than the US average of 33.5%.
Tax Rates for McDavitt
- The Sales Tax Rate for McDavitt is 7.4%. The US average is 7.3%.
- The Income Tax Rate for McDavitt 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 McDavitt
- The average income of a McDavitt resident is $28,612 a year. The US average is $28,555 a year.
- The Median household income of a McDavitt resident is $75,938 a year. The US average is $69,021 a year.