Moscow, MN is located in the heart of Minnesota's \"land of 10,000 lakes\" region. Its close proximity to lakes and other local attractions make it a popular destination for those looking to get away from the hustle and bustle of city life. The cost of living in Moscow is significantly lower than the national average with rent for a two bedroom apartment at $940 per month and grocery costs indexing at 94 versus 100 in the U.S. There are many local companies offering different services including retail stores, restaurants, and other attractions. Moscow is home to Gopher Motorsports which has been providing excellent automotive service since 1976. Additionally, there are multiple outdoor activities available, such as camping and fishing, which draw many visitors from all over Minnesota each year. With its affordable living costs and abundance of local activities, Moscow provides an excellent opportunity for people to experience all that Minnesota has to offer without breaking their budget.
Moscow has an unemployment rate of 4.5%. The US average is 6.0%.
Moscow has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Moscow
- The Sales Tax Rate for Moscow is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Moscow 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 Moscow
- The average income of a Moscow resident is $29,598 a year. The US average is $28,555 a year.
- The Median household income of a Moscow resident is $79,375 a year. The US average is $69,021 a year.