Storden, MN is a small town located in south-west Minnesota. It is known for its friendly community, great schools, and low cost of living. Rent for a two bedroom apartment in Storden is about $750 per month, which is much less than the national average of $1,430 for the same size apartment. Grocery costs are also much lower in Storden with a grocery cost index of 91 compared to the US' 100. Local companies have been contributing to the area's economy by creating jobs and providing services that benefit local residents. Companies such as Super 8 Motel, Cash Wise Foods, and Dairy Queen provide employment opportunities while offering goods and services at an affordable price. Overall, Storden offers an attractive cost of living making it an ideal place to live or work.
Storden has an unemployment rate of 4.1%. The US average is 6.0%.
Storden has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Storden
- The Sales Tax Rate for Storden is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Storden 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 Storden
- The average income of a Storden resident is $22,640 a year. The US average is $28,555 a year.
- The Median household income of a Storden resident is $62,917 a year. The US average is $69,021 a year.