Porter, MN is a small town in Minnesota with a population of around 5,000 people. It offers a peaceful and quiet lifestyle for those who want to get away from the hustle and bustle of urban life. Local companies in Porter include K&K Hardware, Porter Valley Family Dental Care, and Hefty's Bar & Grill. The cost of living in Porter is relatively low compared to other parts of the country. The average 2 bedroom rent is $980 per month while the US average is $1,430. Additionally, grocery costs are at 94 compared to 100 in the US. All these factors make Porter an ideal location for those looking to save money on their cost of living without sacrificing too many amenities or quality of life.
Porter has an unemployment rate of 4.4%. The US average is 6.0%.
Porter has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Porter
- The Sales Tax Rate for Porter is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Porter 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 Porter
- The average income of a Porter resident is $27,658 a year. The US average is $28,555 a year.
- The Median household income of a Porter resident is $49,063 a year. The US average is $69,021 a year.