Ponemah, MN is a small city located in the northern Minnesota region. It is known for its affordable living expenses and relaxed lifestyle. The average two bedroom rent in Ponemah is $1,080 per month, which is significantly lower than the national average of $1,430 per month. In addition to the low rental prices, grocery costs in Ponemah are also more affordable with an index of 91 compared to the US average of 100. \nThe city has a few local companies such as The Store on Main Street which offers a variety of goods from groceries to clothes. Another popular local business is Fjord Fish and Chips which provides fresh seafood to locals and visitors alike. Other attractions include the beautiful lakeside mountain views and hiking trails at Jotunheimen National Park, as well as various museums including the Museum of Natural History. All in all, Ponemah is an ideal place for families looking for an affordable but enjoyable lifestyle.
Ponemah has an unemployment rate of 5.1%. The US average is 6.0%.
Ponemah has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Ponemah
- The Sales Tax Rate for Ponemah is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ponemah 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 Ponemah
- The average income of a Ponemah resident is $6,078 a year. The US average is $28,555 a year.
- The Median household income of a Ponemah resident is $45,326 a year. The US average is $69,021 a year.