Altona, MN is an idyllic small town located in the heart of Minnesota. It is known for its friendly locals and beautiful scenery. The town has a population of about 700 people, and boasts a competitive cost of living. Rent for a two bedroom apartment comes in at an affordable $850 per month, while the US average is around $1,430. Grocery costs in Altona are also quite low compared to the National Index, coming in at 94 out of 100.
Some locally owned companies in the area include Johnson Brothers Construction Company and Dave's Diner. Johnson Brothers Construction specializes in home remodeling projects such as deck building and roofing repairs, while Dave's Diner serves up delicious diner classics like burgers and milkshakes. With plenty of local businesses to choose from, Altona makes for an ideal place to live!
Altona has an unemployment rate of 5.1%. The US average is 6.0%.
Altona has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Altona
- The Sales Tax Rate for Altona is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Altona 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 Altona
- The average income of a Altona resident is $19,767 a year. The US average is $28,555 a year.
- The Median household income of a Altona resident is $59,205 a year. The US average is $69,021 a year.