Holy Cross, MN Economy


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Holy Cross, MN is an up-and-coming rural area located in the United States. Despite its small population, it offers a variety of amenities to residents and businesses alike. The rent for a two bedroom apartment is only $920 per month, which is much lower than the national average of $1,430. Additionally, the grocery cost index in Holy Cross is 98 versus 100 in the US, making groceries more affordable than many other places. There are many local companies that call Holy Cross home including J&M Manufacturing Co., Ace Automotive Services and Plumbing Solutions LLC. All of these businesses provide quality services and products to their customers while providing employment opportunities to locals who wish to stay close to home.

Holy Cross has an unemployment rate of 3.8%. The US average is 6.0%.

Holy Cross has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.

Tax Rates for Holy Cross
- The Sales Tax Rate for Holy Cross is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Holy Cross 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 Holy Cross
- The average income of a Holy Cross resident is $33,784 a year. The US average is $28,555 a year.
- The Median household income of a Holy Cross resident is $76,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHoly Cross, MinnesotaUnited States
  3.86
  -0.7%-6.2%
  29.1%33.5%
  7.4%6.2%
  7.1%4.6%
  $39,803$37,638
  $76,250$69,021
  $110,000$85,028
  Population by Occupation
  12.1%1.2%
  0.0%0.5%
  12.1%6.8%
  0.0%10.0%
  8.6%2.5%
  15.5%11.0%
  5.2%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  8.6%1.9%
  3.4%7.6%
  0.0%0.1%
  3.4%4.2%
  0.0%9.3%
  17.2%14.0%
  1.7%2.1%
  6.9%7.0%
  1.7%4.8%
  3.4%4.7%
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