Itasca County, Minnesota is an excellent place to live with its low cost of living and abundance of amenities. The average rent for a two bedroom home is below the national average at $960 compared to $1,430, and grocery costs are also lower than the US average index at 95 compared to 100. The county is home to numerous large companies such as Grand Rapids-based Ainsworth Lumber Co., Bemidji-based Sanford Health System, Hibbing-based Iron Range Resources & Rehabilitation Board, Duluth based Allete Company, and more. These employers bring many job opportunities to the area while providing a wide range of services that benefit local residents. Additionally, there’s plenty to do in Itasca County with its small town charm and outdoor recreational activities such as fishing, hunting, biking, and camping all nearby. Thus making it a great place to live that offers both economic stability and a quality lifestyle.
Itasca County has an unemployment rate of 6.2%. The US average is 6.0%.
Itasca County has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Itasca County
- The Sales Tax Rate for Itasca County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Itasca 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 Itasca County
- The average income of a Itasca County resident is $31,709 a year. The US average is $37,638 a year.
- The Median household income of a Itasca County resident is $58,393 a year. The US average is $69,021 a year.