Halma, Minnesota is a small town situated in north-central Minnesota. It is home to just a few hundred residents, making it an ideal place for those looking for a slower pace of life. The cost of living is quite affordable in Halma, with a 2 bedroom rent of only $810 per month and grocery costs index at 90 compared to 100 nationwide. Local businesses in Halma include the Hilltop Bar & Grill, Halma Community Grocery Store, and D & B Repair Shop. All offer services to the local community at competitive prices and help to make this tight knit community a great place to live.
Halma has an unemployment rate of 4.0%. The US average is 6.0%.
Halma has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Halma
- The Sales Tax Rate for Halma is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Halma 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 Halma
- The average income of a Halma resident is $13,989 a year. The US average is $37,638 a year.
- The Median household income of a Halma resident is $0 a year. The US average is $69,021 a year.