Mount Morris, MN is a small town located in Southeast Minnesota with a population of around 800 people. It is known for its close-knit community and local businesses that provide goods and services to its citizens. Some of these companies include Crossroads Grocery, The Grocer's Pantry, and Mt. Morris Feed Mill. The cost of living in Mount Morris is relatively low when compared to the US average. Rent for a two bedroom apartment is $1,020 per month while groceries are slightly cheaper than the national average with an index score of 100 versus 100 in the US. Overall, Mount Morris provides an affordable lifestyle in a quaint rural setting perfect for those looking to escape the hustle and bustle of city life.
Mount Morris has an unemployment rate of 7.1%. The US average is 6.0%.
Mount Morris has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Mount Morris
- The Sales Tax Rate for Mount Morris is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Mount Morris 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 Mount Morris
- The average income of a Mount Morris resident is $20,849 a year. The US average is $28,555 a year.
- The Median household income of a Mount Morris resident is $79,583 a year. The US average is $69,021 a year.