Waverly, MN is a small town located in the southern part of Minnesota. It has a population of just over 5,000 people and is known for its friendly atmosphere and beautiful parks. The rent for a two bedroom apartment in Waverly is lower than the national average at $1,270 per month. Additionally, the grocery cost index in Waverly is also lower than the US average at 99 versus 100. Notable local companies include SDG Construction Services which provides general contracting services to the residential and commercial markets and Anderson Electric Motors which provides electrical motors and parts repairs to industry.
Waverly has an unemployment rate of 4.5%. The US average is 6.0%.
Waverly has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Waverly
- The Sales Tax Rate for Waverly is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Waverly 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 Waverly
- The average income of a Waverly resident is $33,008 a year. The US average is $28,555 a year.
- The Median household income of a Waverly resident is $100,391 a year. The US average is $69,021 a year.