Kragnes, Minnesota is a small town that is located in the western part of the state. It offers a peaceful and relaxed lifestyle. The cost of living is quite affordable compared to other parts of the US, with 2 bedroom rent being just $920 and groceries costing less than the national average according to the Grocery Cost Index. Local companies include Kragnes Farms, which has been providing fresh produce and eggs for over 50 years, as well as Olson Automotive Parts, which has been a mainstay in the community for over 30 years.
Kragnes has an unemployment rate of 3.8%. The US average is 6.0%.
Kragnes has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Kragnes
- The Sales Tax Rate for Kragnes is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Kragnes 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 Kragnes
- The average income of a Kragnes resident is $42,219 a year. The US average is $28,555 a year.
- The Median household income of a Kragnes resident is $106,250 a year. The US average is $69,021 a year.