Keewatin, MN is a small city located in Northeastern Minnesota. The cost of living is lower than the US average, offering residents the opportunity to save on their housing expenses. A two bedroom apartment typically rents for around $860 a month, which is significantly lower than the US average of $1,430. Grocery prices are also lower in Keewatin as compared to the US with an index score of 91 versus 100 in the US. Local companies operating in Keewatin include K&K Manufacturing, Northwoods Welding & Fabrication, and Northern Craft Solutions. All three companies provide employment opportunities to local residents at competitive wages making it possible for them to enjoy all the amenities that come along with living in a small city like Keewatin without having to pay higher costs commonly found in larger cities across America.
Keewatin has an unemployment rate of 6.2%. The US average is 6.0%.
Keewatin has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Keewatin
- The Sales Tax Rate for Keewatin is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Keewatin 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 Keewatin
- The average income of a Keewatin resident is $22,127 a year. The US average is $37,638 a year.
- The Median household income of a Keewatin resident is $46,453 a year. The US average is $69,021 a year.