Godfrey, MN is a small rural town located in the northern part of the state. It is home to a variety of businesses, such as Godfrey's Hardware Store, Godfrey's Grocery Store, and the Godfrey Flower Shop. The cost of living in Godfrey is very affordable compared to other areas in Minnesota, as evidenced by its two bedroom rent rate being $800 and its grocery cost index at 98 compared to 100 for the entire US. The area has a variety of activities for residents to enjoy such as fishing, kayaking, camping, and hiking. With its low population density and affordable housing options, Godfrey, MN makes a great place to live for those looking for a rural lifestyle.
Godfrey has an unemployment rate of 4.9%. The US average is 6.0%.
Godfrey has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Godfrey
- The Sales Tax Rate for Godfrey is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Godfrey 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 Godfrey
- The average income of a Godfrey resident is $26,667 a year. The US average is $28,555 a year.
- The Median household income of a Godfrey resident is $80,132 a year. The US average is $69,021 a year.