Pennington, MN County is an up-and-coming area with an array of exciting opportunities. Located in the central portion of the state, this county has a relatively low cost of living compared to other parts of Minnesota. Demographically, Pennington County is home to a diverse range of businesses including retail outlets, restaurants, and medical facilities. Grocery costs are lower here than in other parts of the US; local grocery stores like Lund's & Byerly's offer competitive prices for essential items. Furthermore, two bedroom rent in Pennington County average around $940 per month, significantly less than the national average at $1,430. In short, Pennington County offers a great combination of affordability and amenities that make it an attractive destination for families looking for value without sacrificing quality or convenience.
Pennington County has an unemployment rate of 5.7%. The US average is 6.0%.
Pennington County 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 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Pennington County
- The Sales Tax Rate for Pennington County is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Pennington County 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 Pennington County
- The average income of a Pennington County resident is $25,584 a year. The US average is $28,555 a year.
- The Median household income of a Pennington County resident is $64,268 a year. The US average is $69,021 a year.