Pennock, MN is a small rural community located in the western part of the state. It is home to around 600 people, making it an ideal destination for those looking for a quiet and peaceful place to live. The cost of living in Pennock is quite low, with 2-bedroom rent costing just $840 per month compared to a national average of $1,430. Additionally, groceries here are slightly cheaper than what you would find across the country, with the grocery cost index sitting at 97 versus 100 in the US. \nThe town boasts several local businesses and amenities which make it an attractive option for anyone looking to live outside of a larger city. Local establishments include Jim's Family Farm, Hillside Pizza & Pub, J&R Auto Repair, Island View Golf Course and Pennock Hardware Store. Additionally there are plenty of outdoor activities available such as fishing on nearby lakes or hiking through the surrounding countryside. All this makes Pennock an appealing place to call home.
Pennock has an unemployment rate of 4.9%. The US average is 6.0%.
Pennock has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Pennock
- The Sales Tax Rate for Pennock is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Pennock 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 Pennock
- The average income of a Pennock resident is $15,097 a year. The US average is $28,555 a year.
- The Median household income of a Pennock resident is $61,250 a year. The US average is $69,021 a year.