McPherson, MN is an attractive city for potential residents looking for affordable living. With 2 bedroom rent in McPherson being only $970 compared to the US average of $1,430, individuals and families can save money on housing while still living comfortably. The grocery cost index in McPherson is only 96 versus the US average of 100, meaning that groceries are even more inexpensive than normal. This city also offers many local businesses that contribute to the local economy. Companies like McPherson Automotive Repair and Concrete Services provide jobs for locals as well as maintenance services for citizens. Headingley Construction and TMC Trucking are other local companies serving the community with construction and transportation needs respectively. Additionally, there are some entertainment spots like Whitetail Adventure Golf which makes this town great for both work and leisure activities. All in all, McPherson, MN is an ideal city to live in due to its affordability combined with its flourishing businesses and entertainment opportunities.
McPherson has an unemployment rate of 3.9%. The US average is 6.0%.
McPherson has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for McPherson
- The Sales Tax Rate for McPherson is 7.9%. The US average is 7.3%.
- The Income Tax Rate for McPherson 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 McPherson
- The average income of a McPherson resident is $28,083 a year. The US average is $28,555 a year.
- The Median household income of a McPherson resident is $94,444 a year. The US average is $69,021 a year.