New Avon, MN is a small town with a population of about 500 people. The city boasts an affordable cost of living with a two bedroom rent average of $820 compared to the US average of $1,430. Additionally, the Grocery Cost Index in New Avon is 95 versus 100 in the US. There are several local companies which call this location home such as KK's Grocery Store and Martinczak Bakery. Amongst other attractions worth noting are New Avon’s annual Winter Festival and the historic Museum of Natural Science. Together these businesses and activities make New Avon an enjoyable place to both live and work.
New Avon has an unemployment rate of 5.5%. The US average is 6.0%.
New Avon has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for New Avon
- The Sales Tax Rate for New Avon is 6.9%. The US average is 7.3%.
- The Income Tax Rate for New Avon 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 New Avon
- The average income of a New Avon resident is $31,459 a year. The US average is $28,555 a year.
- The Median household income of a New Avon resident is $73,750 a year. The US average is $69,021 a year.