Moorhead, Minnesota is a vibrant community located along the Red River in Clay County. With a population of over 33,000, this city is an ideal place for those looking to escape the hustle and bustle of larger metropolitan areas while still having access to big city amenities. The average two-bedroom rent in Moorhead is $920 compared to the U.S. average of $1,430 for the same size apartment, making it an attractive option for those on a budget. Prices at local grocery stores are also competitive with the Grocery Cost Index in Moorhead being 99 versus 100 in the US.
Moorhead has something for everyone! Residents can enjoy nearby cultural attractions like the Hjemkomst Center and Trollwood Performing Arts School or take part in outdoor adventures at Bluestem Center for Arts & Ecology or Bluestem Prairie Preserve. Popular local companies include American Crystal Sugar Company, Minnesota State University-Moorhead and Concordia College. There are plenty of dining options from ethnic cuisine like India Palace and Royal Garden Chinese Restaurant to classic American fare at Rhombus Guys Pizza and more casual joints such as Doolittles Woodfire Grill & Sports Lounge. Whether you’re looking for recreation or relaxation, Moorhead has something for everyone!
Moorhead (zip 56560) has an unemployment rate of 3.3%. The US average is 6.0%.
Moorhead (zip 56560) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Moorhead (zip 56560)
- The Sales Tax Rate for Moorhead (zip 56560) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Moorhead (zip 56560) 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 Moorhead (zip 56560)
- The average income of a Moorhead (zip 56560) resident is $24,490 a year. The US average is $28,555 a year.
- The Median household income of a Moorhead (zip 56560) resident is $64,129 a year. The US average is $69,021 a year.