Ivanhoe, MN is a small town in Minnesota with plenty of opportunities to explore. The cost of living in Ivanhoe is much lower than in the US as a whole, with 2 bedroom rent coming in at $750 compared to the US rate of $1,430. Additionally, the grocery cost index for the area is just 93 compared to 100 in the US. This makes it an incredibly affordable place to live.
The town of Ivanhoe offers many amenities that make it an attractive place to live. There are many local companies located within this small town including G&K Serices, NAPA Auto Parts, and S & S Lumber Company. With its affordability and wide selection of nearby businesses, Ivanhoe can be a great choice for those who want all that a city can offer without breaking their budget.
Ivanhoe has an unemployment rate of 5.7%. The US average is 6.0%.
Ivanhoe has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Ivanhoe
- The Sales Tax Rate for Ivanhoe is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ivanhoe 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 Ivanhoe
- The average income of a Ivanhoe resident is $22,550 a year. The US average is $28,555 a year.
- The Median household income of a Ivanhoe resident is $48,750 a year. The US average is $69,021 a year.