Montgomery, MN 56069

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 710 1000 $10,885 $1,237
(11.27% of returns)
$1,325
(5.63% of returns)
$5,133
$25,000 to $50,000 630 1070 $32,117 $2,042
(11.11% of returns)
$6,570
(15.87% of returns)
$5,000
$50,000 to $75,000 420 870 $42,152 $1,485
(16.67% of returns)
$15,842
(16.67% of returns)
$5,715
$75,000 to $100,000 250 660 $52,159 $1,940
(20% of returns)
$21,240
(20% of returns)
$6,509
$100,000 to $200,000 300 920 $66,903 $4,366
(30% of returns)
$19,840
(16.67% of returns)
$7,423
Over $200,000 40 110 $167,000 $0
(0% of returns)
$0
(0% of returns)
$8,233
For Zip 2350 4630 $40,862

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Income Tax Rates

Rate Minimum Income Maximum Income
0.0535 0 25890
0.0705 25890 85060
0.0785 85060 160020
0.0985 160020 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0111 19

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06875 0.0058 0.0746 18