Bangor, MN is a small city located in northwestern Minnesota. It is an ideal place for those looking for a peaceful life away from the hustle and bustle of bigger cities. Businesses based in Bangor include Killarney Park Farm, which produces organically grown vegetables and meats, and Classic Steel Buildings, which supplies metal buildings to customers throughout the state. The cost of living is quite affordable compared to the national average - two bedroom rents are $870, while nationally they are $1430. Additionally, grocery costs in Bangor are 95 versus 100 nationally. All of this makes Bangor an attractive option for those looking for a peaceful lifestyle on a budget.
Bangor has an unemployment rate of 4.5%. The US average is 6.0%.
Bangor has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Bangor
- The Sales Tax Rate for Bangor is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Bangor 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 Bangor
- The average income of a Bangor resident is $34,276 a year. The US average is $37,638 a year.
- The Median household income of a Bangor resident is $59,375 a year. The US average is $69,021 a year.