Mora, MN is a small town with a population of around 2,780 people. It is known for its friendly atmosphere and close-knit community. The cost of living in Morais relatively low compared to the US average. Rent for a two bedroom is $1,020 versus $1,430 nationally. Grocery Cost Index in Mora is 96 versus 100 in the US.
Mora boasts some well known local businesses such as J&J Supermarket and Gopher State Storage. Additionally, Outdoor Adventures Canoe & Kayak Inc provides outdoor enthusiasts with rental equipment and advice on places to explore around town. Two facts about Mora are that it was founded in 1857 by Swedish settlers and it serves as the county seat of Kanabec County.
Mora has an unemployment rate of 8.8%. The US average is 6.0%.
Mora has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Mora
- The Sales Tax Rate for Mora is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Mora 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 Mora
- The average income of a Mora resident is $19,687 a year. The US average is $28,555 a year.
- The Median household income of a Mora resident is $44,583 a year. The US average is $69,021 a year.