Numedal, MN is a small town located in the state of Minnesota. It has a population of around 4,000 people and is known for its rural atmosphere and scenic landscape. The average 2 bedroom rent in Numedal is relatively low at $950 compared to the US which stands at $1,430. Additionally, groceries costs are also cheaper in Numdael with an index score of 96 compared to 100 in the US. Many local businesses contribute to the economy of Numedal including Reynolds Country Store, J&A Farms Dairy and Produce LLC, and Edina Realty Numedal Inc. All these companies provide jobs for residents and keep the local economy healthy.
Numedal has an unemployment rate of 5.7%. The US average is 6.0%.
Numedal 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 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Numedal
- The Sales Tax Rate for Numedal is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Numedal 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 Numedal
- The average income of a Numedal resident is $31,342 a year. The US average is $28,555 a year.
- The Median household income of a Numedal resident is $86,964 a year. The US average is $69,021 a year.