Morton, MN (56270) is a small town located in the heart of Minnesota. It is home to many businesses and services, including Morton Feed & Grain Company, the oldest business in town; Lohse Electric, which provides electrical services to residents; and Teal's Grocery Store, which offers top-notch produce and groceries to locals. The average two bedroom rent per month in Morton is $770 compared to the national average of $1,430. In addition, the grocery cost index for Morton is 93 versus 100 nationally. The low cost of living in Morton makes it an ideal place for people looking for an affordable place to live.
Morton (zip 56270) has an unemployment rate of 5.9%. The US average is 6.0%.
Morton (zip 56270) has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Morton (zip 56270)
- The Sales Tax Rate for Morton (zip 56270) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Morton (zip 56270) 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 Morton (zip 56270)
- The average income of a Morton (zip 56270) resident is $24,208 a year. The US average is $37,638 a year.
- The Median household income of a Morton (zip 56270) resident is $55,250 a year. The US average is $69,021 a year.