Vallers, MN is a small town in the Midwest that is known for its low cost of living. Rent prices are much cheaper than the US average, with two-bedroom rentals costing only $850 compared to $1,430 nationally. The same goes for groceries, as the Grocery Cost Index in Vallers is 96 versus 100 across the US. Vallers has a range of locally owned businesses and stores that can be found throughout town. These include The Bakery on Main Street, Petey's Hardware Store, and Fairview Booksellers. All of these businesses offer an array of services and products to meet the needs of Vallers’ residents and visitors alike.
Vallers has an unemployment rate of 4.2%. The US average is 6.0%.
Vallers has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Vallers
- The Sales Tax Rate for Vallers is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Vallers 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 Vallers
- The average income of a Vallers resident is $25,697 a year. The US average is $28,555 a year.
- The Median household income of a Vallers resident is $99,545 a year. The US average is $69,021 a year.