Alvwood, MN is a small city located in the United States that offers a great quality of life for its residents. The two bedroom rent price in Alvwood is $1,000, which is significantly lower than the average US rent of $1,430. Similarly, the grocery cost index in Alvwood is 93 compared to 100 in the US. This means that food items are more affordable in Alvwood than in other parts of the country. Many local businesses are also present in Alvwood including Sweet & Savory Bakery Café, Skyline Construction Company and Alvwood Electronics Store. All these factors contribute to making Alvwood an ideal place for people who want to save money on their monthly expenses while still enjoying all that a big city has to offer.
Alvwood has an unemployment rate of 6.2%. The US average is 6.0%.
Alvwood has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Alvwood
- The Sales Tax Rate for Alvwood is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Alvwood 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 Alvwood
- The average income of a Alvwood resident is $19,560 a year. The US average is $28,555 a year.
- The Median household income of a Alvwood resident is $55,000 a year. The US average is $69,021 a year.