St. Olaf, MN is an affordable and popular town located in the United States. It has an average two bedroom rent of $850, which is much lower than the national average of $1,430. Furthermore, St. Olaf's Grocery Cost Index is 99 compared to 100 in the US. The town boasts a variety of local businesses such as St Olaf Brewing Co., Noco Expressions and Oly’s Pets, which offer goods and services to locals and visitors alike.
St. Olaf has an unemployment rate of 5.3%. The US average is 6.0%.
St. Olaf has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for St. Olaf
- The Sales Tax Rate for St. Olaf is 7.4%. The US average is 7.3%.
- The Income Tax Rate for St. Olaf 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 St. Olaf
- The average income of a St. Olaf resident is $25,638 a year. The US average is $28,555 a year.
- The Median household income of a St. Olaf resident is $86,042 a year. The US average is $69,021 a year.