Olivia, MN is a small town located in the midwestern United States with a population of around 3,000 people. The town is known for its low cost of living and easy access to nearby cities like Minneapolis. The average 2 bedroom rent in Olivia is significantly lower than the national average at $830, while the grocery cost index is 95 compared to 100 nationally. This makes it an attractive option for those looking to live comfortably without breaking their budget. Some local businesses include Olivia Hardware & Supply Co., D&R Grocery Store, and All Season's Farm Equipment. With its affordability and convenient location near larger cities, Olivia is an ideal place to call home.
Olivia has an unemployment rate of 5.9%. The US average is 6.0%.
Olivia has seen the job market increase by 6.7% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Olivia
- The Sales Tax Rate for Olivia is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Olivia 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 Olivia
- The average income of a Olivia resident is $25,708 a year. The US average is $28,555 a year.
- The Median household income of a Olivia resident is $56,141 a year. The US average is $69,021 a year.