Colvin, MN is a small town located in the heartland of the United States. It is home to a variety of businesses, such as Colvin's Auto Repair, The Colvin Coffee Shop, and Murney's Groceries. The cost of living in Colvin is quite affordable; for example, 2 bedroom rent is $960 whereas the US average is $1,430. Additionally, the grocery cost index in Colvin is 93 compared to 100 in the US. Aside from these local businesses, there are also several recreational activities available for residents such as fishing at Luke Lake or skiing on nearby Clear Mountain. There are also various parks and trails that make it easy for people to explore nature around them.
Colvin has an unemployment rate of 4.8%. The US average is 6.0%.
Colvin has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Colvin
- The Sales Tax Rate for Colvin is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Colvin 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 Colvin
- The average income of a Colvin resident is $29,574 a year. The US average is $28,555 a year.
- The Median household income of a Colvin resident is $65,909 a year. The US average is $69,021 a year.