Danvers, MN is a small town located in Renville County. It has a population of just under 1,000 people and is known for its friendly atmosphere. Rent prices for a two bedroom apartment are significantly lower than the US average at $980 per month compared to $1430 per month. Additionally, residents can expect to pay less for groceries as the Grocery Cost Index in Danvers is only 95, which is significantly lower than the national index of 100. Local companies include True North Automotive Inc., Danvers Lumber Company, and K&K Hardware & Gifts.
Danvers has an unemployment rate of 5.6%. The US average is 6.0%.
Danvers has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Danvers
- The Sales Tax Rate for Danvers is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Danvers 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 Danvers
- The average income of a Danvers resident is $22,766 a year. The US average is $28,555 a year.
- The Median household income of a Danvers resident is $99,167 a year. The US average is $69,021 a year.