Minden, MI is a small city with a population of just over 1,000 people. It is located in the northwestern part of Michigan and provides a rural atmosphere for residents. Despite its size, however, Minden has a lot to offer its citizens. There are many local companies which are providing services and products to the community including grocery stores, restaurants, and retail stores. The cost of living in Minden is quite low when compared to other towns in Michigan as well as other parts of the United States. With an average two bedroom rent price of only $840 and a grocery cost index that is 92/100 compared to the US it's easy to see why residents love their city so much.
Minden has an unemployment rate of 6.4%. The US average is 6.0%.
Minden has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Minden
- The Sales Tax Rate for Minden is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Minden is 4.3%. 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 $19,455 a year. The US average is $28,555 a year.
- The Median household income of a Minden resident is $62,500 a year. The US average is $69,021 a year.