Alden, MN is a small rural town known for its picturesque landscape situated in Northern Minnesota. It is home to many employment opportunities such as agricultural/farming businesses, logging companies, manufacturing, furniture making and woodworking industries, and other business opportunities. Housing costs are quite reasonable with 2 bedroom apartments renting for approximately $870. Grocery Cost Index in Alden is 96 compared to the US average of 100. With low cost of living and attractive wages, Alden offers an attractive community for those looking for employment opportunities in a beautiful natural setting. Local employers include Agri-Systems Inc., Northland Forest Products Inc., Diversified Manufacturing Solutions LLC, Allard Lumber Co., Northland Custom Furniture & Cabinetry Inc., and Aspen Ridge Woodworks LLC.
Alden has an unemployment rate of 4.5%. The US average is 6.0%.
Alden has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Alden
- The Sales Tax Rate for Alden is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Alden 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 Alden
- The average income of a Alden resident is $23,924 a year. The US average is $28,555 a year.
- The Median household income of a Alden resident is $64,375 a year. The US average is $69,021 a year.