Waldorf, MN is a small town located in the midwest with a population of approximately 900 people. It is known for its friendly atmosphere and excellent schools. Companies such as Stearns Bank, Smith’s Plumbing, and Lakeside Lutheran Church are all local favorites in Waldorf, MN. The cost of living in Waldorf is quite reasonable compared to other cities; for example, the average rent for a 2-bedroom apartment is $820 per month while the US average is $1,430 per month. Furthermore, Waldorf's grocery cost index is 95 versus 100 in the US overall. All these factors make Waldorf an attractive option for families looking for a safe place to call home at an affordable price.
Waldorf has an unemployment rate of 6.0%. The US average is 6.0%.
Waldorf has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Waldorf
- The Sales Tax Rate for Waldorf is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Waldorf 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 Waldorf
- The average income of a Waldorf resident is $28,545 a year. The US average is $28,555 a year.
- The Median household income of a Waldorf resident is $45,179 a year. The US average is $69,021 a year.