Hollandale, MN is a small rural town located in the southeastern part of Minnesota. It is a great place to live if you’re looking for an affordable place to call home. The average two bedroom rent in Hollandale, MN is only $890 compared to the US average which is $1,430 making it much more affordable. Additionally, the Grocery Cost Index in Hollandale is 95 versus 100 in the US which also makes it an ideal location for those on a budget. Hollandale also offers many local businesses including Ace Hardware, Remer Drug Store & Clinic and Pakkala Farm Supply & Repair. With low rent and cost of living expenses, Hollandale MN proves to be an economical destination for anyone looking to move or relocate.
Hollandale has an unemployment rate of 4.5%. The US average is 6.0%.
Hollandale has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Hollandale
- The Sales Tax Rate for Hollandale is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Hollandale 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 Hollandale
- The average income of a Hollandale resident is $23,843 a year. The US average is $28,555 a year.
- The Median household income of a Hollandale resident is $60,000 a year. The US average is $69,021 a year.