Kratka, MN is a small city located in the heart of Minnesota. It offers affordable housing options with 2 bedroom rents at around $940, which is significantly lower than the US average of $1,430. Grocery costs in Kratka are also more affordable with an index of 95 versus 100 in the US. Kratka is home to many local businesses such as Zim’s Café, Betty’s Bakery and Miller’s Hardware Store. There are also plenty of attractions to explore, such as The Old Red Barn Museum and The Cameron Park Reserve. With so much cultural appeal and affordable living costs, Kratka is quickly becoming one of Minnesota's most desirable cities to live in.
Kratka has an unemployment rate of 5.7%. The US average is 6.0%.
Kratka has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Kratka
- The Sales Tax Rate for Kratka is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kratka 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 Kratka
- The average income of a Kratka resident is $29,943 a year. The US average is $37,638 a year.
- The Median household income of a Kratka resident is $50,833 a year. The US average is $69,021 a year.