Renville, MN is located in Renville County and is home to over 3,500 people. It is a small city with a variety of local businesses including Renville Hardware & Lumber, Renville Heating & Air Conditioning, Kremer's Grocery Store, and Antill Motors. The cost of living in Renville is much lower than the US average; 2 bedroom rent in Renville costs $830 compared to $1,430 for the same size apartment in the US. Similarly, the Grocery Cost Index for Renville is 94 versus 100 in the US which indicates that groceries are less expensive in this area comparatively.
Renville has an unemployment rate of 5.9%. The US average is 6.0%.
Renville 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 Renville
- The Sales Tax Rate for Renville is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Renville 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 Renville
- The average income of a Renville resident is $23,933 a year. The US average is $28,555 a year.
- The Median household income of a Renville resident is $70,037 a year. The US average is $69,021 a year.