Onstad, MN is a great area to live in due to its low cost of living. The average rent for a two bedroom is only $860 compared to the US' average of $1,430, making it much more affordable than many other areas. Groceries are also not too expensive as the grocery cost index in Onstad is 95 versus 100 in the US.
Some local companies that operate in Onstad include Midwest Dairy Cooperative, Rocking M Farms, and Roto Mix LLC. These businesses provide numerous jobs and opportunities for those looking to be employed within the area. Additionally, Onstad offers access to some amazing outdoor recreation activities such as fishing, kayaking, and bird watching due to its proximity to lakes and parks. Therefore, Onstad is an ideal place for those who enjoy spending time outdoors while still maintaining access to all the amenities one would hope for in a small town setting.
Onstad has an unemployment rate of 4.9%. The US average is 6.0%.
Onstad has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Onstad
- The Sales Tax Rate for Onstad is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Onstad 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 Onstad
- The average income of a Onstad resident is $29,148 a year. The US average is $37,638 a year.
- The Median household income of a Onstad resident is $81,667 a year. The US average is $69,021 a year.