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.