Moyer, MN is a small town in Minnesota with many opportunities for its residents. It is known for its low cost of living with 2 bedroom rent costing only $810 compared to the US average of $1,430 per month. Furthermore, not only is rent much lower in Moyer than the rest of the country but groceries are also significantly less expensive, with Moyer having a grocery cost index of 92 compared to 100 in the US.
The town has several local businesses which make up its vibrant economy. These include Vowels Electric and Plumbing, MNS Lumber Company, Inc., and D & S Heating & Cooling LLC. All these companies provide employment and economic opportunities to local residents.
In conclusion, Moyer is a great place to live due to its low cost of living and abundance of local business providing economic activities. With affordable rent and groceries plus numerous job opportunities, it’s no wonder why more people are looking into relocating here.
Moyer has an unemployment rate of 5.6%. The US average is 6.0%.
Moyer 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 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Moyer
- The Sales Tax Rate for Moyer is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Moyer 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 Moyer
- The average income of a Moyer resident is $50,168 a year. The US average is $28,555 a year.
- The Median household income of a Moyer resident is $71,667 a year. The US average is $69,021 a year.