Miltona, MN is a rural town located in Otter Tail County. It has a small population of around 500 people and offers a quiet and peaceful atmosphere. There are various local businesses such as the Miltona Market, Cafe 4 You, and the McCutchin Agency that offer a wide range of services to the local community. The 2 bedroom rent is much cheaper in Miltona than it is in other parts of the US, with it being just $850 per month compared to over $1400 elsewhere. Additionally, grocery cost indexing reveals that prices in Miltona are about 1% lower than the national average. Although there are some economic benefits to living in Miltona, there can be some disadvantages too. With its small population size, many amenities may not be available nearby or have limited availability which can make day-to-day living more difficult for some residents.
Miltona has an unemployment rate of 4.1%. The US average is 6.0%.
Miltona 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 Miltona
- The Sales Tax Rate for Miltona is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Miltona 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 Miltona
- The average income of a Miltona resident is $21,034 a year. The US average is $28,555 a year.
- The Median household income of a Miltona resident is $56,250 a year. The US average is $69,021 a year.