Montgomery, MN is a great place to live for those looking for an affordable lifestyle. Located in the heart of Scott County, this city of 5,606 offers a 2 bedroom rent of only $1,100. This is significantly cheaper than the US average of $1,430. The grocery cost index in Montgomery is also lower than the national average, at 97 versus 100 in the US.
For those looking for job opportunities or entertainment prospects there are plenty of places to choose from in Montgomery. Local companies such as Rupp's Siding & Roofing and Krieger Ford provide great employment opportunities. For entertainment seekers you can visit local Bluff Creek Golf Course or take advantage of the many outdoor activities like boating and fishing at nearby Rice Lake.
Montgomery (zip 56069) has an unemployment rate of 6.8%. The US average is 6.0%.
Montgomery (zip 56069) has seen the job market decrease by -3.4% 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 (zip 56069)
- The Sales Tax Rate for Montgomery (zip 56069) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Montgomery (zip 56069) 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 (zip 56069)
- The average income of a Montgomery (zip 56069) resident is $33,572 a year. The US average is $37,638 a year.
- The Median household income of a Montgomery (zip 56069) resident is $68,542 a year. The US average is $69,021 a year.