Holmes City, MN is a small city located in the Midwest. It has an estimated population of just under 2,000 people and is known for its rural charm. The cost of living in Holmes City is relatively affordable as 2 Bedroom rent is only $920 a month and the Grocery Cost Index is equal to that of the US at 100. There are several local businesses operating in Holmes City, such as the Holmes Bakery Cafe, a popular spot for coffee and pastries; The Cornucopia, a cozy diner serving up classic comfort food; Jones Hardware Store, which provides all kinds of hardware supplies; and Smithson's Pharmacy, a family-run pharmacy providing prescription medications and over-the-counter remedies.
Holmes City has an unemployment rate of 4.1%. The US average is 6.0%.
Holmes City has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Holmes City
- The Sales Tax Rate for Holmes City is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Holmes City 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 Holmes City
- The average income of a Holmes City resident is $33,507 a year. The US average is $28,555 a year.
- The Median household income of a Holmes City resident is $78,125 a year. The US average is $69,021 a year.