Farming, MN is a small town located in Minnesota that offers a slice of small-town living. The cost of living is relatively low in Farming, MN with the average 2 bedroom rent being $820 compared to the US average of $1,430. The Grocery Cost Index is also lower than the national average at 99 versus 100 in the US. There are many great local companies and attractions to check out when visiting Farming, MN. Local companies such as Northland Motors, Gossen’s Feed & Grain Co., and Farmers Country Market offer quality goods and services to those in the area. Popular attractions include the Dog House Bar & Grill for a fun night out or Wilhite Farms Corn Maze for family fun during the fall.
Farming has an unemployment rate of 4.7%. The US average is 6.0%.
Farming has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Farming
- The Sales Tax Rate for Farming is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Farming 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 Farming
- The average income of a Farming resident is $34,861 a year. The US average is $37,638 a year.
- The Median household income of a Farming resident is $77,727 a year. The US average is $69,021 a year.