Bungo, MN is a small town located in Minnesota. The town offers an affordable lifestyle with a two bedroom rent of only $890 as compared to the US average of $1,430. Grocery cost index is also highly affordable at 96 versus 100 in the US. There are many local companies in Bungo such as Parkview Grocery, Randy's Auto Repair and Robinsons Electronics that offer services to residents. The town also has public parks and recreation centers which provide entertainment for the locals. With its affordability and friendly atmosphere, Bungo is an ideal place for those looking for a quieter way of life.
Bungo has an unemployment rate of 8.4%. The US average is 6.0%.
Bungo has seen the job market increase by 9.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Bungo
- The Sales Tax Rate for Bungo is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Bungo 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 Bungo
- The average income of a Bungo resident is $21,382 a year. The US average is $28,555 a year.
- The Median household income of a Bungo resident is $58,750 a year. The US average is $69,021 a year.