Oslo, MN is a small city located in the Red River Valley about two hours away from both Fargo and Grand Forks. The cost of living is quite affordable in Oslo since rent for a two-bedroom apartment is only $940 compared to the US average of $1,430. Grocery costs are also lower with an index score of 95 versus 100 in the US.
Oslo has plenty to do including the Oslo Golf Club which offers a challenging 9 hole golf course, and the North Plains Sportsmen's Club that provides trapshooting enthusiasts with five trap fields, skeet fields and sporting clay courses. The nearby river also offers various water sports such as fishing, paddle boarding and tubing. Other popular attractions include Frontier Village, the Northern Lights Casino and several local parks.
Oslo has an unemployment rate of 6.6%. The US average is 6.0%.
Oslo has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Oslo
- The Sales Tax Rate for Oslo is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Oslo 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 Oslo
- The average income of a Oslo resident is $25,194 a year. The US average is $28,555 a year.
- The Median household income of a Oslo resident is $66,750 a year. The US average is $69,021 a year.