Holding, MN is home to many local companies such as Holding Medical Solutions, Holding Brewery, and Holding Farmers Co-op. It's a great place for families to live due to its low cost of living compared to other cities in the U.S. The average 2 bedroom rent in Holding is $840 which is considerably lower than the national average of $1,430. Additionally, the Grocery Cost Index for Holding was 99 versus 100 in the US making groceries more affordable here than other parts of the country. All these factors make Holding an attractive place to live and work for people on a budget.
Holding has an unemployment rate of 4.7%. The US average is 6.0%.
Holding 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 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Holding
- The Sales Tax Rate for Holding is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Holding 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 Holding
- The average income of a Holding resident is $26,350 a year. The US average is $28,555 a year.
- The Median household income of a Holding resident is $84,150 a year. The US average is $69,021 a year.