Mahnomen, Minnesota is a small rural town located in northwestern Minnesota. It is home to just over 1,000 people and has a strong sense of community. The cost of living in Mahnomen is significantly lower than the national average with 2 bedroom rent averaging $810 per month compared to $1,430 across the US. Similarly, the Grocery Cost Index is 93 versus 100 in the US. The town has various businesses and attractions that appeal to local residents such as White Earth Reservation Casino, J&K Tax & Accounting Services, Countryside Motors, Mahnomen Health Center Pharmacy, Zeimetz Automotive and more. There are also numerous outdoor recreational activities nearby such as fishing on Lake Jessie or golfing at Mahnomen Public Golf Course. All these factors make Mahnomen an ideal place for families looking for a peaceful yet affordable place to live.
Mahnomen has an unemployment rate of 8.1%. The US average is 6.0%.
Mahnomen has seen the job market decrease by -12.6% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Mahnomen
- The Sales Tax Rate for Mahnomen is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Mahnomen 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 Mahnomen
- The average income of a Mahnomen resident is $20,820 a year. The US average is $37,638 a year.
- The Median household income of a Mahnomen resident is $40,221 a year. The US average is $69,021 a year.