Springvale, MN is a small town located in the state of Minnesota. It is a quiet and peaceful place perfect for raising a family or enjoying retirement. The cost of living is quite reasonable, with 2 bedroom rent at $1,290 and a Grocery Cost Index at 99, which is slightly lower than the national average. There are plenty of local attractions to enjoy such as Lakeside Park and Springvale Golf Course. Residents also have access to nearby shops, restaurants, health services, and other stores. Local businesses include Steuernol & McLaren Funeral Home and Springvale Veterinary Clinic.
Springvale has an unemployment rate of 6.2%. The US average is 6.0%.
Springvale has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Springvale
- The Sales Tax Rate for Springvale is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Springvale 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 Springvale
- The average income of a Springvale resident is $29,431 a year. The US average is $28,555 a year.
- The Median household income of a Springvale resident is $103,092 a year. The US average is $69,021 a year.