Nashwauk, MN is a small town located in Itasca County in Northern Minnesota. It is home to several businesses, including Nashwauk Equipment and Supply, Nashwauk Lumber Company, and E&R Logging. The nearby communities of Bovey, Marble, Coleraine and Taconite also offer plenty of activities to explore. Rent for two bedroom homes in the area is relatively affordable at $1,190 each month compared to the US average of $1,430 for the same size unit. Grocery costs are also low when compared with the national index score of 100 with an index score of 95 in Nashwauk. Visitors can enjoy the natural beauty of this small town with many lakes and trails for hiking or biking as well as some unique attractions like Taconite History Center and Nashwauk Public Beach & Boat Launch.
Nashwauk has an unemployment rate of 6.2%. The US average is 6.0%.
Nashwauk has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Nashwauk
- The Sales Tax Rate for Nashwauk is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Nashwauk 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 Nashwauk
- The average income of a Nashwauk resident is $22,725 a year. The US average is $28,555 a year.
- The Median household income of a Nashwauk resident is $60,625 a year. The US average is $69,021 a year.