Wanda, MN is a small town located in the Midwest. It is known for its rural charm and close knit community. The cost of living in Wanda is lower than the national average, with 2 bedroom rents coming in at $820 compared to the US average of $1,430. Grocery costs are also lower in Wanda with an index of 92 compared to 100 nationally. This makes Wanda a great place for people looking for a more affordable lifestyle without sacrificing quality of life. There are several local businesses that make up the economic landscape of Wanda, including a small hardware store, clothing boutique and family-run restaurant. With its reasonable cost of living and abundance of local amenities, Wanda is an attractive option for those looking for an enjoyable place to call home.
Wanda has an unemployment rate of 5.5%. The US average is 6.0%.
Wanda 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 Wanda
- The Sales Tax Rate for Wanda is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wanda 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 Wanda
- The average income of a Wanda resident is $50,576 a year. The US average is $37,638 a year.
- The Median household income of a Wanda resident is $69,583 a year. The US average is $69,021 a year.