Mayville, MN is a small town located near the border of Minnesota and North Dakota. It has a population of around 1,000 people, making it an ideal spot for those looking to live in a peaceful rural area. Rent for two bedroom apartments is surprisingly affordable compared to the national average; at only $870 per month, it is more than half the cost of what one would pay elsewhere in the US ($1,430). Grocery costs are also lower than the US average in Mayville, with a grocery cost index of 96 versus 100 nationally.
The town is home to several locally owned businesses such as Mayville Family Restaurant and Country Manor Nursing Home. There are also plenty of outdoor recreation opportunities nearby across its lakes and rivers. Its close proximity to many larger cities like Minneapolis makes it an ideal retreat from urban life.
Mayville has an unemployment rate of 4.4%. The US average is 6.0%.
Mayville has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Mayville
- The Sales Tax Rate for Mayville is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Mayville 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 Mayville
- The average income of a Mayville resident is $33,272 a year. The US average is $37,638 a year.
- The Median household income of a Mayville resident is $63,214 a year. The US average is $69,021 a year.