Glendorado, MN is an attractive place to live with its low cost of living. Rent for a two bedroom apartment is nearly $220 less than the U.S. average, and the Grocery Cost Index is also lower, at 98 compared to 100 in the US. Local companies in Glendorado include the Glendorado Community Bank, Glendorado Pharmacy & Gifts, and Inter-County Co-op Oil Company amongst others. Residents enjoy a strong sense of community which helps make it an ideal place to live and work.
Glendorado has an unemployment rate of 6.1%. The US average is 6.0%.
Glendorado 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 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Glendorado
- The Sales Tax Rate for Glendorado is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Glendorado 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 Glendorado
- The average income of a Glendorado resident is $28,217 a year. The US average is $28,555 a year.
- The Median household income of a Glendorado resident is $80,833 a year. The US average is $69,021 a year.