Murray County, MN Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Minnesota / No Metro Area / Murray County / Cities / Zip Codes
Murray, MN County is a vibrant area located in the Midwest. It has a lower than average cost of living compared to the rest of the United States. The 2 bedroom rent in Murray is only $830, while it's $1,430 across the US. Additionally, the Grocery Cost Index for Murray is 93 whereas it's 100 in the US. This makes living in Murray an attractive and affordable option for people looking to relocate. Local companies within Murray include Rosemount Market & Deli, Midas Auto Service Experts and Valley Fitness. These businesses are locally owned and operated and offer unique services to residents within the area.

Murray County has an unemployment rate of 6.4%. The US average is 6.0%.

Murray County has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.

Tax Rates for Murray County
- The Sales Tax Rate for Murray County is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Murray 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 Murray County
- The average income of a Murray County resident is $35,475 a year. The US average is $37,638 a year.
- The Median household income of a Murray County resident is $69,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMurray, MinnesotaUnited States
  6.46
  -1.0%-6.2%
  20.4%33.5%
  6.9%6.2%
  7.1%4.6%
  $35,475$37,638
  $69,250$69,021
  $87,692$85,028
  Population by Occupation
  12.7%1.2%
  0.0%0.5%
  8.4%6.8%
  11.5%10.0%
  6.6%2.5%
  9.2%11.0%
  3.9%4.8%
  1.4%0.8%
  0.6%1.9%
  3.3%4.7%
  1.1%1.9%
  3.2%7.6%
  0.1%0.1%
  0.8%4.2%
  7.4%9.3%
  17.1%14.0%
  0.6%2.1%
  3.8%7.0%
  4.6%4.8%
  3.8%4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.