Benton, MN is a city located in the Midwest region of the United States. It offers affordable living with two bedroom rental prices averaging $1,400 per month compared to the US average of $1,430. The grocery cost index in Benton is also lower than the national average at 102 versus 100. \nThe city is home to a number of local companies including Corval Group, Agnetix Technologies and Amtech Corporation. There are also several educational institutions such as Benton Community High School, Benton County Community College and University of Minnesota Twin Cities Extension Campus. For those looking for leisure activities, there are several attractions such as Big Muddy Park and Palmer Lake Nature Area for outdoor enthusiasts or Oasis Bowling Center for those looking for indoor entertainment.
Benton has an unemployment rate of 3.7%. The US average is 6.0%.
Benton has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Benton
- The Sales Tax Rate for Benton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Benton 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 Benton
- The average income of a Benton resident is $33,573 a year. The US average is $28,555 a year.
- The Median household income of a Benton resident is $84,875 a year. The US average is $69,021 a year.