Morken, MN is an attractive residential area located within the Midwest region of the United States. The cost of living in Morken, MN is relatively low when compared to US averages. A two bedroom apartment typically costs around $900 per month, and the Grocery Cost Index is 97 compared to 100 in the US. This makes it a desirable location for people who are looking for affordability without compromising on quality of life.
Morken, MN boasts many local businesses which contribute to its vibrant atmosphere. Some of these businesses include Doran's Restaurant & Catering, Oakwood Cabinets, Northland Trading Company, Morken Timbers Co-op and Bibleson Security Systems. All of these companies offer quality services and products that make living in Morken even more enjoyable.
Morken has an unemployment rate of 3.8%. The US average is 6.0%.
Morken has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Morken
- The Sales Tax Rate for Morken is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Morken 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 Morken
- The average income of a Morken resident is $41,251 a year. The US average is $28,555 a year.
- The Median household income of a Morken resident is $113,750 a year. The US average is $69,021 a year.