McKinley, MN is a small town located in the Midwest. A two bedroom apartment rental here will cost an average of $850 compared to $1,430 for similar apartments in other US cities. Groceries are also cheaper in McKinley with a local grocery cost index of 94 versus 100 nationally. It is home to several local businesses such as the Mckinley Grill, The Corner Cafe, and The Book Store. McKinley is a great place to live due to its low cost of living compared to other cities across the United States. Residents can live comfortably while still saving money on everyday expenses like rent and groceries.
McKinley has an unemployment rate of 4.8%. The US average is 6.0%.
McKinley 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 McKinley
- The Sales Tax Rate for McKinley is 8.4%. The US average is 7.3%.
- The Income Tax Rate for McKinley 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 McKinley
- The average income of a McKinley resident is $22,760 a year. The US average is $28,555 a year.
- The Median household income of a McKinley resident is $37,813 a year. The US average is $69,021 a year.