Arendahl, MN is a small town located in Minnesota with a population of just over 500 people. It is home to several local businesses such as the Arendahl Family Market, Bakken’s Appliance Store, and Burns Auto Parts. The cost of living in Arendahl is very affordable, with two bedroom rent prices at $850 compared to the national median of $1,430. On top of that, the Grocery Cost Index for this area is 98 versus 100 in the US. All in all, Arendahl provides an excellent place for families who are looking for a place with a low cost of living and affordability yet still have access to plenty of stores and businesses.
Arendahl has an unemployment rate of 4.7%. The US average is 6.0%.
Arendahl has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Arendahl
- The Sales Tax Rate for Arendahl is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Arendahl 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 Arendahl
- The average income of a Arendahl resident is $24,965 a year. The US average is $28,555 a year.
- The Median household income of a Arendahl resident is $73,417 a year. The US average is $69,021 a year.