Alton, Minnesota is a small town with a population of about 500 people. It is located in the southeastern part of the state, and it's known for its tranquil atmosphere and local businesses. The average two bedroom rent in Alton is $880 compared to the US average of $1,430, making it an affordable place to live. Grocery costs are also affordable in Alton as the index is 96 versus 100 in the US.
Local companies include Pine Grove Country Store which sells groceries and home goods, Lindaman's Excavating which specializes in excavation services for areas such as drainage systems and septic tanks, and Hoff’s Repair & Fabrication which provides welding service and vehicle repairs. Overall, Alton offers a peaceful atmosphere combined with an economical cost of living that make it an attractive option for those looking to settle down or buy property.
Alton has an unemployment rate of 6.0%. The US average is 6.0%.
Alton 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 Alton
- The Sales Tax Rate for Alton is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Alton 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 Alton
- The average income of a Alton resident is $29,993 a year. The US average is $28,555 a year.
- The Median household income of a Alton resident is $91,667 a year. The US average is $69,021 a year.