Holmesville, MN Economy


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United States / Minnesota / No Metro Area / Becker County / Holmesville / Zip Codes
Holmesville, MN is a small community located in the Greater Minnesota area. It is home to a few local businesses, such as Holmesville Pharmacy and Holmesville Hardware. The cost of living in Holmesville is notably lower than the rest of the United States. For example, the average rent for a 2-bedroom apartment in Holmesville is just $870 compared to $1,430 nationally. Additionally, grocery costs are also cheaper here with an index score of 101 versus 100 nationally. All in all, Holmesville provides residents with an affordable place to live and work!

Holmesville has an unemployment rate of 5.3%. The US average is 6.0%.

Holmesville has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.

Tax Rates for Holmesville
- The Sales Tax Rate for Holmesville is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Holmesville 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 Holmesville
- The average income of a Holmesville resident is $36,002 a year. The US average is $37,638 a year.
- The Median household income of a Holmesville resident is $83,846 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHolmesville, MinnesotaUnited States
  5.36
  -2.2%-6.2%
  34.0%33.5%
  7.4%6.2%
  7.1%4.6%
  $36,002$37,638
  $83,846$69,021
  $101,250$85,028
  Population by Occupation
  0.4%1.2%
  5.5%0.5%
  18.9%6.8%
  5.1%10.0%
  2.8%2.5%
  8.3%11.0%
  6.7%4.8%
  0.8%0.8%
  0.0%1.9%
  2.8%4.7%
  1.6%1.9%
  5.5%7.6%
  0.0%0.1%
  5.9%4.2%
  6.3%9.3%
  11.0%14.0%
  1.6%2.1%
  3.9%7.0%
  5.5%4.8%
  7.5%4.7%
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