Pokegama, MN is a small community located in Pine County. The cost of living is quite low here; with a 2 bedroom rent rate of $990 per month, it is significantly lower than the US average of $1,430. Similarly, the Grocery Cost Index in Pokegama is 96 versus 100 in the US.
The area is home to several small businesses such as Pokegama Lumber, which provides lumber products for residential and commercial uses; Lake Time Brewing Company, which offers craft beer brewed on-site; and K & M Hardware, which provides hardware and home improvement services. These companies provide vital services to locals and help keep the economy running in the area.
Pokegama has an unemployment rate of 7.7%. The US average is 6.0%.
Pokegama 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 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Pokegama
- The Sales Tax Rate for Pokegama is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Pokegama 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 Pokegama
- The average income of a Pokegama resident is $22,000 a year. The US average is $28,555 a year.
- The Median household income of a Pokegama resident is $66,827 a year. The US average is $69,021 a year.