Fenton, Minnesota is a small town located in Benton County. It offers a peaceful atmosphere with access to some of the area's top attractions. The rent for two bedrooms in Fenton is relatively low compared to the national average at only $860 compared to $1,430 in the US. The grocery cost index is also lower, standing at 93 versus 100 in the US, making it an affordable place to live for those looking for a budget-friendly town. There are several local businesses that call Fenton home, such as Mississippi Country Store, Copper Creek Veterinary Clinic and Mississippi Market & Deli. All in all, Fenton provides a great atmosphere with lower than average costs of living when compared to other towns throughout America.
Fenton has an unemployment rate of 6.4%. The US average is 6.0%.
Fenton has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Fenton
- The Sales Tax Rate for Fenton is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Fenton 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 Fenton
- The average income of a Fenton resident is $38,077 a year. The US average is $37,638 a year.
- The Median household income of a Fenton resident is $61,083 a year. The US average is $69,021 a year.