Fulda, MN is a small town located in Minnesota. It has a population of about 1,190 people according to the 2010 census. Despite its small size, Fulda offers a variety of services and entertainment for its citizens. Fulda’s two main employers are Sanborn Manufacturing and Hennen Furniture. Sanborn Manufacturing specializes in machining services while Hennen Furniture creates custom furniture pieces crafted from locally sourced materials.
The cost of living in Fulda is relatively low when compared to other parts of Minnesota. The average two-bedroom rent is approximately $820 compared to an average two-bedroom rent of $1,430 throughout the US. Furthermore, the grocery cost index in Fulda is 95 as opposed to 100 in the US. This makes it relatively easy for those living in Fulda to save money while still enjoying their hometown's amenities.
Fulda has an unemployment rate of 6.4%. The US average is 6.0%.
Fulda has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Fulda
- The Sales Tax Rate for Fulda is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Fulda 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 Fulda
- The average income of a Fulda resident is $25,496 a year. The US average is $28,555 a year.
- The Median household income of a Fulda resident is $66,563 a year. The US average is $69,021 a year.