Vesta, MN is an ideal place for those looking to rent a two-bedroom home as it offers competitive rental rates at $840 compared to the US average of $1,430. It is also a great option for those who enjoy local amenities such as low costs of groceries with an index of 95 versus 100 in the US. \nAside from low cost living, Vesta, MN is home to many local companies that further add to its economic stability and community growth. Companies include Hometown Financial Services which provides financial planning services and law firm Leverette & Associates which specializes in real estate law. \nLiving in Vesta, MN has many advantages including affordable housing prices, access to local businesses and services, and a strong sense of community. With so much to offer it's no surprise why more people are choosing Vesta, MN as their new home each year.
Vesta has an unemployment rate of 5.5%. The US average is 6.0%.
Vesta has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Vesta
- The Sales Tax Rate for Vesta is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Vesta 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 Vesta
- The average income of a Vesta resident is $19,251 a year. The US average is $28,555 a year.
- The Median household income of a Vesta resident is $61,667 a year. The US average is $69,021 a year.