Golden Valley, MN is a town located in Hennepin County with a population of around 20,000 people. The town is home to many companies such as General Mills, Pentair, Allianz Life Insurance Company of North America, and Tonka Water Systems. The cost of living in Golden Valley is slightly higher than that of the US average due to its high 2 bedroom rent rate at $1,510 compared to the US average of $1,430 and an even more significant difference in grocery cost index with Golden Valley at 101 versus the US at 100. Nevertheless, Golden Valley remains a great place to live with its abundance of local businesses and amenities.
Golden Valley has an unemployment rate of 4.2%. The US average is 6.0%.
Golden Valley has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Golden Valley
- The Sales Tax Rate for Golden Valley is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Golden Valley 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 Golden Valley
- The average income of a Golden Valley resident is $44,819 a year. The US average is $28,555 a year.
- The Median household income of a Golden Valley resident is $104,526 a year. The US average is $69,021 a year.