Holyoke, MN is a small town in Minnesota with an estimated population of 1,606. It is a quiet suburban community offering a variety of local businesses and amenities. The two bedroom rent is $1,120 which is noticeably lower than the US average at $1,430. Additionally, the grocery cost index in Holyoke, MN is 97 versus 100 in the US making it even more affordable than the national average. Local companies include B&D Market Store, Holiday Gas Station & Automotive Repair, Hometown Café & Eatery, Lu’s Place Bar & Grill and more! With its low cost of living and handful of local amenities, Holyoke is an ideal suburb for those looking to escape city life without sacrificing convenience or affordability.
Holyoke has an unemployment rate of 5.3%. The US average is 6.0%.
Holyoke has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Holyoke
- The Sales Tax Rate for Holyoke is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Holyoke 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 Holyoke
- The average income of a Holyoke resident is $26,336 a year. The US average is $28,555 a year.
- The Median household income of a Holyoke resident is $84,844 a year. The US average is $69,021 a year.