Kenneth, MN is a small city located just outside of Cambridge in Isanti County. The cost of living in Kenneth is very affordable, with 2 bedroom rent costing only $910 compared to the US average of $1,430. Additionally, the grocery cost index is 93 versus 100 for the US as a whole, making it even more attractive for those looking to save money on food costs. Kenneth is home to several local companies including A-Tech Manufacturing Inc., Isanti Cutlery Co., and MHY Pallet & Lumber Co. People looking to move to Kenneth should also consider the availability of outdoor activities such as fishing at Pokegama Lake or hiking at Manney State Wildlife Management Area. With its excellent quality of life and low costs, Kenneth is an ideal destination for individuals and families wanting to find a peaceful place to settle down.
Kenneth has an unemployment rate of 2.7%. The US average is 6.0%.
Kenneth has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Kenneth
- The Sales Tax Rate for Kenneth is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kenneth 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 Kenneth
- The average income of a Kenneth resident is $16,488 a year. The US average is $28,555 a year.
- The Median household income of a Kenneth resident is $55,341 a year. The US average is $69,021 a year.