Erhard, MN is a small town located in Otter Tail County. It has a population of just over 300 people. The small town is home to local companies such as Erhard Volunteer Fire Department and Erhard Cabinets & Flooring. The cost of living in Erhard is very affordable with the average two bedroom rent being $870 versus the US average of $1,430 and the grocery cost index being 100 versus 100 in the US. Overall, Erhard is an affordable and cozy place to live compared to other towns in the United States.
Erhard has an unemployment rate of 5.3%. The US average is 6.0%.
Erhard has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Erhard
- The Sales Tax Rate for Erhard is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Erhard 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 Erhard
- The average income of a Erhard resident is $59,773 a year. The US average is $28,555 a year.
- The Median household income of a Erhard resident is $66,250 a year. The US average is $69,021 a year.