Gorman, MN is a small town with a population of just under 1,000 people. It is known for its affordable two-bedroom rental costs, which are around $880 a month. Gorman also has a much lower grocery cost index than the US average, only 99 compared to 100 in the US. There are some local companies that make Gorman an attractive place to live, such as John's Auto Repair and Johnson Family Farm Supply. Both provide great services to the local community and help create a sense of home for residents.
Gorman has an unemployment rate of 5.3%. The US average is 6.0%.
Gorman has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Gorman
- The Sales Tax Rate for Gorman is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Gorman 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 Gorman
- The average income of a Gorman resident is $29,524 a year. The US average is $28,555 a year.
- The Median household income of a Gorman resident is $74,167 a year. The US average is $69,021 a year.