Altura, MN is a small city located in Minnesota that is known for its affordable living. It offers 2 bedroom rentals at $900 per month, which is significantly less than the US average of $1,430 per month. Additionally, its Grocery Cost Index is 97 compared to the US average of 100. The city provides a low cost of living for those who wish to settle down and start a family. There are plenty of local businesses in Altura such as Dunlap's Department Store, McCarthur Family Bakery, and K&S Auto Repair that offer residents convenient goods and services. Altura is an excellent place for people to live an affordable lifestyle while still having access to modern amenities.
Altura has an unemployment rate of 3.7%. The US average is 6.0%.
Altura has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Altura
- The Sales Tax Rate for Altura is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Altura 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 Altura
- The average income of a Altura resident is $25,634 a year. The US average is $28,555 a year.
- The Median household income of a Altura resident is $62,708 a year. The US average is $69,021 a year.