Kego, MN is a small town in Minnesota that offers remarkable cost savings. Rent for a two bedroom apartment here is approximately $900 compared to the national average of $1,430, making it an attractive option for those looking for an affordable place to live. This is mainly due to the low cost of living here with grocery stores like Walmart and Target offering products at prices that are on par with national averages. Kego's low housing costs also contribute to its affordability, as there is a wide range of housing options available at reasonable prices. This makes it possible for people to find quality housing without breaking the bank. All of this makes Kego an ideal location for those looking to save money while still enjoying all the amenities of city life.
Kego has an unemployment rate of 8.4%. The US average is 6.0%.
Kego has seen the job market increase by 9.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Kego
- The Sales Tax Rate for Kego is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Kego 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 Kego
- The average income of a Kego resident is $19,784 a year. The US average is $28,555 a year.
- The Median household income of a Kego resident is $54,250 a year. The US average is $69,021 a year.