Portage, MN is a small city in Minnesota that has been gaining attention for its affordability and local resources. It is a great place to live for those looking for an affordable place to rent with two bedroom apartments costing around $890 compared to the average US rent of $1,430. Groceries are also relatively inexpensive with an index of 94 compared to the national average of 100. The city is home to numerous local businesses such as Portagemart grocery store, K&K tools and hardware shop, and Abalon Cafe. Each offer goods and services best suited for the needs of the community. There are also other attractions such as a public library and movie theater making it easy for residents to enjoy their time in Portage.
Portage has an unemployment rate of 4.8%. The US average is 6.0%.
Portage has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Portage
- The Sales Tax Rate for Portage is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Portage 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 Portage
- The average income of a Portage resident is $31,879 a year. The US average is $37,638 a year.
- The Median household income of a Portage resident is $56,250 a year. The US average is $69,021 a year.