Farden, MN is a small town located in the Midwest with an affordable cost of living. The average rent for a two bedroom apartment is $920, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index is 96 compared to 100 in the US as a whole.
Farden offers many local companies that provide great services and products to its residents; such businesses include Jakes Auto Shop, Granny's Bakery and Farden Florists. Jakes Auto Shop specializes in automotive repairs while Granny's Bakery provides freshly baked goods like breads and pastries. Farden Florists specializes in providing beautiful flower arrangements for weddings and other events. All these businesses have been family-owned for generations, creating a unique cultural atmosphere for the town of Farden.
Farden has an unemployment rate of 6.1%. The US average is 6.0%.
Farden has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.
Tax Rates for Farden
- The Sales Tax Rate for Farden is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Farden 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 Farden
- The average income of a Farden resident is $38,763 a year. The US average is $37,638 a year.
- The Median household income of a Farden resident is $71,071 a year. The US average is $69,021 a year.