Morton, MN is a small town located in Renville County with an estimated population of 754. It is an excellent place to live, given its reasonable rent and cost of living. The average two-bedroom rent for the town is $760, much lower than the national average of $1,430. Grocery costs are also lower in Morton than the US as a whole with an index score of 93 compared to 100. Some local businesses in Morton include LaBree's Bakery & Deli, Hansen Electric Inc., and Plutnicki's Repair Shop.
Morton has an unemployment rate of 5.9%. The US average is 6.0%.
Morton has seen the job market increase by 6.7% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Morton
- The Sales Tax Rate for Morton is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Morton 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 Morton
- The average income of a Morton resident is $25,098 a year. The US average is $37,638 a year.
- The Median household income of a Morton resident is $53,750 a year. The US average is $69,021 a year.