Malung, MN is a small town situated in the northern part of Minnesota. Its population is relatively low and it has a diverse mix of people. It is known for its friendly atmosphere and strong sense of community. Local companies in Malung include RK Construction, Ed's Auto Repair, and Zippys Grocery Store. The cost of living in Malung is quite affordable compared to other parts of the country. Rent for a two bedroom apartment averages at $890 while the US average rent rate for two bedrooms comes out to $1,430. The grocery cost index in Malung is 97 compared to the 100 in the US, indicating that groceries are comparatively cheaper than other areas within the same region.
Malung has an unemployment rate of 3.9%. The US average is 6.0%.
Malung has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 8.8%, which is lower than the US average of 33.5%.
Tax Rates for Malung
- The Sales Tax Rate for Malung is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Malung 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 Malung
- The average income of a Malung resident is $28,252 a year. The US average is $37,638 a year.
- The Median household income of a Malung resident is $80,469 a year. The US average is $69,021 a year.