Milaca, MN is a small town located in the northern part of Minnesota. It has a population of approximately 3,000 people and offers a peaceful atmosphere with plenty of outdoor activities such as hiking, fishing and camping. The cost of living in Milaca is quite low when compared to other parts of the US; two bedroom rents are around $1,180, while the national average is $1,430. Additionally, the Grocery Cost Index in Milaca is 98 compared to 100 in the US on average. There are several local businesses operating in Milaca including Family Dollar Stores, AutoZone and Walmart Supercenter. With such low costs for rent and groceries combined with many local businesses available, it makes Milaca an ideal place to live for those looking for an affordable lifestyle.
Milaca has an unemployment rate of 7.9%. The US average is 6.0%.
Milaca has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Milaca
- The Sales Tax Rate for Milaca is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Milaca 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 Milaca
- The average income of a Milaca resident is $23,517 a year. The US average is $28,555 a year.
- The Median household income of a Milaca resident is $44,804 a year. The US average is $69,021 a year.