Riverton, MN is a small city in the Midwest that offers plenty of opportunity for those who live there. It is home to several notable companies, such as Farmer's Further Processing, Riverton Logistics, and Riverton Machine Company. Despite its relatively small size, it has remarkably affordable rent costs when compared to the national average of $1,430; in Riverton 2 bedroom apartments rent for just $970 on average. Similarly, the overall cost of groceries in Riverton is 95 out of 100 on the Grocery Cost Index compared to the US average of 100. All these factors make Riverton an attractive option for those looking for a quiet life at an affordable price.
Riverton has an unemployment rate of 6.0%. The US average is 6.0%.
Riverton has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Riverton
- The Sales Tax Rate for Riverton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Riverton 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 Riverton
- The average income of a Riverton resident is $21,552 a year. The US average is $28,555 a year.
- The Median household income of a Riverton resident is $43,750 a year. The US average is $69,021 a year.