Artichoke, MN is a small town located in the Midwest region of the United States. It has a population of over 10,000 people and is known for its low cost of living. The average two bedroom rent in Artichoke is $850 per month which is considerably lower than the national two bedroom rent average of $1,430. Additionally, the Grocery Cost Index (GCI) in Artichoke is 95 compared to 100 nationally. This means that groceries are cheaper in Artichoke than on average around the country.
In addition to its low cost of living, Artichoke has many vibrant businesses that contribute to its economy. Notable businesses include Goldie's Bakery, a local pastry shop with dozens of flavors of cupcakes and cakes; Jaxon's Automotive Repair Service who offer expert car repair services; and Smith Construction Company which specializes in residential building projects. These local businesses are just a few examples of why Artichoke is such an inviting place to live and work.
Artichoke has an unemployment rate of 5.9%. The US average is 6.0%.
Artichoke has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Artichoke
- The Sales Tax Rate for Artichoke is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Artichoke 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 Artichoke
- The average income of a Artichoke resident is $40,003 a year. The US average is $28,555 a year.
- The Median household income of a Artichoke resident is $113,636 a year. The US average is $69,021 a year.