Shaokatan, MN is an attractive midwestern city for those looking for affordable living. The average two bedroom rent in Shaokatan is $790 per month, much lower than the national average of $1430. This makes it a great option for individuals or families looking to save money on housing costs. In addition to its affordable living, Shaokatan also offers a low cost of living index with grocery costs at 94 compared to 100 nationally. Residents can explore local attractions such as the Shaokatan River Park and take advantage of businesses like Café Beignet and Jenna’s Bakery & Deli that serve up delicious food. All these factors come together to make Shaokatan a great place to live and work!
Shaokatan has an unemployment rate of 5.7%. The US average is 6.0%.
Shaokatan has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Shaokatan
- The Sales Tax Rate for Shaokatan is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Shaokatan 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 Shaokatan
- The average income of a Shaokatan resident is $38,149 a year. The US average is $37,638 a year.
- The Median household income of a Shaokatan resident is $72,188 a year. The US average is $69,021 a year.