Bennington, MN is a small town located in the US that has an affordable cost of living when compared to other parts of the country. The average rent for a two bedroom apartment is $1,060 whereas the average 2 bedroom rent across the nation is $1,430. Moreover, grocery cost index in Bennington is 95 as opposed to 100 in the US. This makes it cheaper to shop for necessities in Bennington than other places in the US. \nBennington also has local businesses such as South Metro Heating and Air Conditioning, Precision Battery Solutions, RoomMakers LLC and B & B Garage Door Services. These companies provide handymen services as well as repair services for households and businesses throughout Bennington.
Bennington has an unemployment rate of 4.2%. The US average is 6.0%.
Bennington has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Bennington
- The Sales Tax Rate for Bennington is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Bennington 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 Bennington
- The average income of a Bennington resident is $34,805 a year. The US average is $28,555 a year.
- The Median household income of a Bennington resident is $101,875 a year. The US average is $69,021 a year.