Ault, MN is a small town located in Minnesota. It has a population of around 5,000 people and its local economy is driven by several businesses including The Haus Company – a retail store for outdoor equipment and apparel. The Grocery Store Index in Ault is 96 versus 100 in the US, which indicates that groceries may be slightly cheaper in Ault than average. Additionally, the 2 Bedroom Rent price in Ault is $1,220 while the US average 2 Bedroom Rent price is $1,430. This discrepancy could be due to Ault's smaller size and population compared to other towns or cities throughout the United States; furthermore, rental prices are generally lower in small towns compared to more populated areas.
Ault has an unemployment rate of 4.8%. The US average is 6.0%.
Ault 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 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Ault
- The Sales Tax Rate for Ault is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ault 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 Ault
- The average income of a Ault resident is $37,619 a year. The US average is $28,555 a year.
- The Median household income of a Ault resident is $63,750 a year. The US average is $69,021 a year.