Martin, MN is an affordable small town in the Midwest that offers a diverse array of living options. With two bedroom rents around $920, it is significantly lower than the US average of $1,430. Grocery costs are also comparatively lower with an index score of 96 versus 100 in the US. The town of Martin has many local businesses that contribute to its overall economy and provide unique services for its citizens. Examples include Martin-Ferguson Farm Market, K&K Hardware & Supply Company, and Martin's Auto Parts. All of these companies offer quality goods and services while providing jobs to local residents.
Martin has an unemployment rate of 2.7%. The US average is 6.0%.
Martin 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 Martin
- The Sales Tax Rate for Martin is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Martin 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 Martin
- The average income of a Martin resident is $36,516 a year. The US average is $28,555 a year.
- The Median household income of a Martin resident is $80,417 a year. The US average is $69,021 a year.