Minden, MN is a small city located in Minnesota. It boasts a population of less than 500 people. The cost of living in Minden is relatively low compared to the rest of the United States. For example, the average rent for a two bedroom apartment is $1,250 per month whereas in the US it averages at $1,430 per month. Additionally, grocery costs are significantly lower with an index of 98 versus 100 in the US. This makes Minden an attractive place for those looking to save money on housing and groceries. A few local businesses that can be found in Minden are J&S Archery & Sporting Goods LLC, Fosston Municipal Liquor Store and Jill’s Country Cafe. These businesses offer residents necessary services like hunting supplies, alcohol and food respectively.
Minden has an unemployment rate of 6.1%. The US average is 6.0%.
Minden 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 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Minden
- The Sales Tax Rate for Minden is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Minden 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 Minden
- The average income of a Minden resident is $29,576 a year. The US average is $28,555 a year.
- The Median household income of a Minden resident is $75,185 a year. The US average is $69,021 a year.