Montgomery, MN is a small town located in Minnesota. It is known for its peaceful atmosphere and rich culture. The average rent for a two bedroom apartment is $1,080, which is lower than the national average of $1,430. The Grocery Cost Index in Montgomery, MN is 97 compared to 100 in the US. \nThe town has many local businesses such as Main Street Coffee House, Hardware Hank and Montgomery Super Market that provide various services and products to the locals. There are also parks and recreational areas such as Prairie View Park that offer outdoor activities for people of all ages to enjoy. Additionally, Montgomery offers plenty of educational and cultural opportunities with its local library, museums and art galleries.
Montgomery has an unemployment rate of 6.8%. The US average is 6.0%.
Montgomery has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery
- The Sales Tax Rate for Montgomery is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Montgomery 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 Montgomery
- The average income of a Montgomery resident is $29,427 a year. The US average is $37,638 a year.
- The Median household income of a Montgomery resident is $58,176 a year. The US average is $69,021 a year.