Folden, MN is a vibrant city with many local companies and plenty of activities to keep residents entertained. Companies such as ZEJ Motors and Grocery Kitchen are popular in Folden. Rent for two-bedroom apartments is relatively low compared to the national average, making it an affordable place to live. Additionally, grocery costs are slightly lower here than elsewhere in the United States, offering additional savings for residents. Other advantages of living in Folden include its close proximity to entertainment venues such as Eagle Cinema and bowling alleys like Atlantic Lanes. The city also has several parks such as Fletchers Field Park and Lakeside Park which provide ample opportunities for outdoor recreation.
Folden has an unemployment rate of 5.3%. The US average is 6.0%.
Folden 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 Folden
- The Sales Tax Rate for Folden is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Folden 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 Folden
- The average income of a Folden resident is $25,119 a year. The US average is $28,555 a year.
- The Median household income of a Folden resident is $56,875 a year. The US average is $69,021 a year.