Morrill, MN is a small town located in the state of Minnesota with a population of 434, according to the 2010 census. It is known for its low cost of living, with 2 bedroom rent averaging around $1,040 per month compared to the US average of $1,430. The Grocery Cost Index in Morrill is also very low at 99 versus 100 in the US. Locals enjoy shopping at local stores such as Morrill Food Store, Family Dollar and Ace Hardware. There are many recreational activities available for residents including fishing and hiking along the trails near Big Spirit Lake. Overall, living in Morrill offers an affordable lifestyle without sacrificing quality amenities and leisure activities.
Morrill has an unemployment rate of 7.1%. The US average is 6.0%.
Morrill has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Morrill
- The Sales Tax Rate for Morrill is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Morrill 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 Morrill
- The average income of a Morrill resident is $22,162 a year. The US average is $28,555 a year.
- The Median household income of a Morrill resident is $72,250 a year. The US average is $69,021 a year.