Rushmore, MN is a small town located in the Midwest. It is known for its rural lifestyle and charming scenery. The cost of living in Rushmore is much lower than the US average, with an average two bedroom rent of $910 compared to $1,430 in the US. Furthermore, Rushmore has a Grocery Cost Index of 95 versus 100 in the US. This means that groceries are significantly cheaper here than other areas of the country. Some notable local companies include Yoder's Country Market, The Corner Store Cafe & Bakery, and The Rushmore Creamery. All three offer quality products at competitive prices. With its low cost of living and small-town charm, it’s no wonder why so many people choose to live in Rushmore!
Rushmore has an unemployment rate of 3.7%. The US average is 6.0%.
Rushmore has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Rushmore
- The Sales Tax Rate for Rushmore is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Rushmore 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 Rushmore
- The average income of a Rushmore resident is $22,142 a year. The US average is $28,555 a year.
- The Median household income of a Rushmore resident is $44,167 a year. The US average is $69,021 a year.