Ihlen, MN is a small town located in Minnesota with a variety of local businesses. The cost of living in Ihlen is lower than the national average with 2 bedroom rent being $760 per month compared to the US where it is $1,430. Grocery costs are also lower in Ihlen with an index of 91 versus 100 for the US. Local businesses in Ihlen include Valley Sports Bar & Grill, Ken's Auto Repair, and J&L Bulk Foods. All of these businesses offer competitive prices and have been part of the Ihlen community for years. With lower rent and grocery costs than the US average, Ihlen is a great place to live frugally while still enjoying a high quality of life.
Ihlen has an unemployment rate of 5.1%. The US average is 6.0%.
Ihlen has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Ihlen
- The Sales Tax Rate for Ihlen is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ihlen 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 Ihlen
- The average income of a Ihlen resident is $22,609 a year. The US average is $28,555 a year.
- The Median household income of a Ihlen resident is $56,875 a year. The US average is $69,021 a year.