Angora, MN is a charming community with a population of approximately 500 people. It is situated in the northern section of Minnesota and has an attractive cost-of-living, with two bedroom rent being only $880 compared to the US average of $1,430. Additionally, grocery costs in Angora are 94, while they are 100 on average across the United States. There are many local companies that make up the economy in Angora; for example, The Lakeside Inn specializes in serving delicious homemade food from locally sourced ingredients while The General Store offers everything from arts and crafts to other retail products. Finally, Angora Auto provides quality car repairs and maintenance services at competitive rates.
Angora has an unemployment rate of 4.8%. The US average is 6.0%.
Angora has seen the job market increase by 1.6% 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 Angora
- The Sales Tax Rate for Angora is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Angora 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 Angora
- The average income of a Angora resident is $32,169 a year. The US average is $37,638 a year.
- The Median household income of a Angora resident is $55,833 a year. The US average is $69,021 a year.