Cokato, MN Economy


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Cokato, MN is a small town in Minnesota where the cost of living is very affordable. The average two bedroom rental costs $1,200 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index is 98 verses 100 in the US making food and other grocery items even more affordable. Local businesses in Cokato include G&H Auto Repair, Props Bar & Grill, Westwood Market and many more. Residents of Cokato are able to enjoy an excellent quality of life without breaking their budget.

Cokato has an unemployment rate of 4.5%. The US average is 6.0%.

Cokato has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.

Tax Rates for Cokato
- The Sales Tax Rate for Cokato is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Cokato 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 Cokato
- The average income of a Cokato resident is $26,114 a year. The US average is $37,638 a year.
- The Median household income of a Cokato resident is $60,972 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCokato, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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