Mitchell, MN is a small city with a population of under 10,000 people. The cost of living is fairly low compared to the US average, with 2 bedroom rent being $950 compared with $1,430 nationally and a grocery cost index of 98 versus 100 in the US. It is home to several local businesses including JK Trucking Inc., Wiebusch Appliance Repair, and Olson's Service Center. Mitchell has a charming downtown area and plenty of green spaces for outdoor activities like hiking and biking. Overall, it is an affordable and inviting place to live.
Mitchell has an unemployment rate of 4.1%. The US average is 6.0%.
Mitchell has seen the job market decrease by -2.3% 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 Mitchell
- The Sales Tax Rate for Mitchell is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Mitchell 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 Mitchell
- The average income of a Mitchell resident is $33,657 a year. The US average is $37,638 a year.
- The Median household income of a Mitchell resident is $85,583 a year. The US average is $69,021 a year.