Holloway, MN is a small town located in the Midwest region of the United States. It is home to many local businesses such as Smith's Grocery Store, The Holloway Tribune and Jensen's Pharmacy. Residents of the area enjoy access to a variety of amenities such as public parks, recreation centers and libraries. There are also plenty of activities for everyone to participate in, including fishing and camping at nearby lakeside areas, biking along nature trails or visiting local museums. With renting costs much lower than the US average – just $830 for a two bedroom apartment – Holloway, MN is an affordable place to live with plenty of opportunities for fun and relaxation.
Holloway has an unemployment rate of 5.6%. The US average is 6.0%.
Holloway has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Holloway
- The Sales Tax Rate for Holloway is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Holloway 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 Holloway
- The average income of a Holloway resident is $26,732 a year. The US average is $28,555 a year.
- The Median household income of a Holloway resident is $41,667 a year. The US average is $69,021 a year.