Minden, IA is a peaceful town with an affordable cost of living. The average 2 bedroom rent in Minden is $900, which is much lower than the US average of $1,430. Additionally, the grocery cost index in Minden is 96, compared to 100 in the US. This makes it quite inexpensive to live here. Many people are attracted to Minden because of its low cost of living and local businesses such as J&J Auto & Service Center, Minden Animal Hospital and Prairie Pines Agronomy. All of these companies provide valuable services to the people of Minden at an affordable price. With its low-cost housing and various shopping options, it's easy to see why so many choose to call Minden home.
Minden has an unemployment rate of 4.3%. The US average is 6.0%.
Minden has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Minden
- The Sales Tax Rate for Minden is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Minden is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Minden
- The average income of a Minden resident is $24,928 a year. The US average is $28,555 a year.
- The Median household income of a Minden resident is $67,500 a year. The US average is $69,021 a year.