Morrison, MN is a small town located in Minnesota with an ideal quality of life for those looking to live in an affordable area. The median two bedroom rent is $810 compared to the U.S. average of $1,430. In addition, the grocery cost index in Morrison is 98 versus 100 in the U.S., making it very affordable for individuals on a budget. Notable local companies include North Star Co-op, Baker's Corner Health Mart Pharmacy, and the Morrison County Historical Society. This vibrant community also offers plenty of outdoor activities and parks for residents to enjoy year round. With its low rent costs and other cost of living amenities, Morrison is one of the most desirable places to live in Minnesota without breaking the bank!
Morrison has an unemployment rate of 7.1%. The US average is 6.0%.
Morrison has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Morrison
- The Sales Tax Rate for Morrison is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Morrison 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 Morrison
- The average income of a Morrison resident is $26,519 a year. The US average is $37,638 a year.
- The Median household income of a Morrison resident is $42,750 a year. The US average is $69,021 a year.