Kent, MN Economy


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Kent, MN is a small city located in the central US. It has a population of about 3,000 people and is known for its peaceful atmosphere and friendly locals. The city is home to many different local businesses such as the Kent Bakery, TJ's Pizza Parlor, and the Lakeview Motel. The cost of living in Kent is relatively low with an average 2 bedroom rent at $820 compared to the US national average of $1,430. Additionally, grocery costs are around 95 compared to the national average of 100. All in all, Kent offers a great quality of life while also keeping costs low for those looking to live on a budget.

Kent has an unemployment rate of 4.1%. The US average is 6.0%.

Kent has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 20.2%, which is lower than the US average of 33.5%.

Tax Rates for Kent
- The Sales Tax Rate for Kent is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kent 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 Kent
- The average income of a Kent resident is $23,219 a year. The US average is $28,555 a year.
- The Median household income of a Kent resident is $51,667 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKent, MinnesotaUnited States
  4.16
  -2.3%-6.2%
  20.2%33.5%
  6.9%6.2%
  7.1%4.6%
  $33,289$37,638
  $51,667$69,021
  $48,750$85,028
  Population by Occupation
  27.8%1.2%
  0.0%0.5%
  0.0%6.8%
  0.0%10.0%
  16.7%2.5%
  16.7%11.0%
  5.6%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  5.6%7.6%
  5.6%0.1%
  11.1%4.2%
  5.6%9.3%
  5.6%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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