Spring Valley, MN is an attractive place to live for many reasons. The relatively low 2 bedroom rent of $980 makes it a great option for people on a budget. Additionally, the grocery cost index in Spring Valley, MN is 96 versus 100 in the US, making it a good choice for those looking to save money on groceries. The city is home to several major employers such as Universal Plastics Corporation and Seaberg Industries. Both companies offer competitive wages and benefits packages as well as flexible work hours. For those interested in outdoor activities, Spring Valley offers plenty of parks and trails perfect for biking and hiking. With its affordable housing prices and close proximity to major employers, Spring Valley is a great place to call home.
Spring Valley has an unemployment rate of 4.7%. The US average is 6.0%.
Spring Valley has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Spring Valley
- The Sales Tax Rate for Spring Valley is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Spring Valley 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 Spring Valley
- The average income of a Spring Valley resident is $22,556 a year. The US average is $28,555 a year.
- The Median household income of a Spring Valley resident is $58,125 a year. The US average is $69,021 a year.