Foldahl, MN is a small town located in the Midwest. It offers residents a peaceful and affordable environment to live in. The average 2 bedroom rent in Foldahl is much lower than the US average at only $840 versus the US of $1430. Similarly, the grocery cost index is also significantly lower at 94 compared to 100 in the US. This makes living costs much more reasonable for those who are looking for an inexpensive place to live.
The business scene in Foldahl includes both local and nationally recognized companies such as Meacham's Grocery & Restaurant, Martell Hardware Store, and Countryside Antiques & Collectibles. These businesses provide employment opportunities and goods/services that help make life better for residents of Foldahl, MN.
Foldahl has an unemployment rate of 6.6%. The US average is 6.0%.
Foldahl has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Foldahl
- The Sales Tax Rate for Foldahl is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Foldahl 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 Foldahl
- The average income of a Foldahl resident is $18,767 a year. The US average is $28,555 a year.
- The Median household income of a Foldahl resident is $103,281 a year. The US average is $69,021 a year.