Cushing, MN is a small town located in Minnesota with a population of roughly 800 people. The cost of living here is much lower than the national average, with the average two bedroom rent at $860 compared to $1,430 nationwide. This lower cost of living extends to other aspects such as groceries, which have an index rating of 100 in Cushing versus the national average of 100. \nThe local economy is largely driven by small businesses and industries such as Maple Grove Dairy Farms, Schmitt Woodland Hills Nursing Home, and Olivet Lutheran Church. Despite being a rural area, Cushing provides a pleasant lifestyle for its residents with many outdoor activities available from fishing to camping. All in all, Cushing offers an affordable environment while still providing necessary amenities and services.
Cushing has an unemployment rate of 7.1%. The US average is 6.0%.
Cushing has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Cushing
- The Sales Tax Rate for Cushing is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Cushing 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 Cushing
- The average income of a Cushing resident is $22,282 a year. The US average is $28,555 a year.
- The Median household income of a Cushing resident is $48,750 a year. The US average is $69,021 a year.