Elko New Market, MN
Discover how far your salary goes in Elko New Market. Compare taxes, rent, and living costs.
4,846
9.8%
$1,309
/month
-6%
below avg
How far would your salary go in Elko New Market?
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Rent Prices in Elko New Market
Studio
$1,047
/month
$12,564/year
1 Bedroom
$1,309
/month
$15,708/year
2 Bedroom
$1,767
/month
$21,204/year
3 Bedroom
$2,291
/month
$27,492/year
Taxes in Minnesota
State Income Tax
Minnesota
For a $100k salary, that's ~$9,850/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
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Frequently Asked Questions
What is the cost of living in Elko New Market, MN?▼
Elko New Market has a cost of living index of 122, which is 22% above the national average. A 1-bedroom apartment costs around $1,309/month.
What is the state income tax in Minnesota?▼
Minnesota has a state income tax rate of approximately 9.8%. This is in addition to federal income tax.
How much is rent in Elko New Market?▼
The median rent for a 1-bedroom apartment in Elko New Market is $1,309/month. For a 2-bedroom, expect to pay around $1,767/month. This is 6% below the national average.
Is Elko New Market a good place to live?▼
Elko New Market is a small town with a population of 4,846. The cost of living is above average, making it more expensive than average for the US.
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