Viding, MN is a great place to live due to its low cost of living compared to the US average. Rent for a two bedroom apartment in Viding is $1,080 per month whereas the national average for two bedrooms is $1,430 per month. Also, when it comes to groceries, Viding has a Grocery Cost Index of 97 compared to 100 in the US. This makes it easier for people who live in Viding to afford necessities like food and shelter.
Viding also boasts numerous local businesses offering services such as restaurants, entertainment venues and shopping centers. Local favorites include Hy-Vee Food Store for grocery shopping, The Station Sports Bar & Grill for delicious food and drinks and Elwood's Pub & Grill which offers weekly trivia nights and outdoor seating with views of neighboring Lake Sarah. With so many great business opportunities, people are drawn to Viding because they can enjoy amenities without breaking their budget or spending more than necessary on rent or groceries.
Viding has an unemployment rate of 3.8%. The US average is 6.0%.
Viding has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Viding
- The Sales Tax Rate for Viding is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Viding 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 Viding
- The average income of a Viding resident is $28,460 a year. The US average is $28,555 a year.
- The Median household income of a Viding resident is $71,250 a year. The US average is $69,021 a year.