Whipholt, MN is a small rural community located in Minnesota. It is known for its affordable living costs and quality of life. The average two bedroom rent is $800 which is significantly cheaper than the US average of $1,430. Additionally, Whipholt has a Grocery Cost Index of 98 compared to the US's 100. This means that food and other related products are also cheaper here than the national average. In terms of local businesses, Whipholt is home to several small companies such as Dairyland Equipment, Riley Transport Services, and Vallee Drywall & Paint. Dairyland Equipment specializes in sales and repair of farm equipment while Riley Transport Services provides transportation services for businesses around town. Lastly, Vallee Drywall & Paint offers dry wall installation and painting services at competitive prices. All three businesses are key contributors to the economic development within Whipholt, MN.
Whipholt has an unemployment rate of 8.4%. The US average is 6.0%.
Whipholt has seen the job market increase by 9.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Whipholt
- The Sales Tax Rate for Whipholt is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Whipholt 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 Whipholt
- The average income of a Whipholt resident is $28,442 a year. The US average is $28,555 a year.
- The Median household income of a Whipholt resident is $61,250 a year. The US average is $69,021 a year.