Richville, MN is a small town situated in the heart of Minnesota. It is known for its warm Midwestern hospitality and friendly community atmosphere. The cost of living in Richville is lower than the United States average, with the two bedroom rent costing $850 compared to the national average of $1,430, and a grocery cost index at 102 versus 100 in the US. Local businesses include Riche's Department Store, which has been servicing the community since 1934, plus numerous restaurants like Johnny's Pizzeria and Sam's Diner. There are also plenty of outdoor recreation activities available with nearby parks like Stoneybrook Park and Rodeo Field. All in all, Richville offers a low-cost lifestyle without compromising on quality amenities!
Richville has an unemployment rate of 5.3%. The US average is 6.0%.
Richville has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Richville
- The Sales Tax Rate for Richville is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Richville 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 Richville
- The average income of a Richville resident is $24,612 a year. The US average is $28,555 a year.
- The Median household income of a Richville resident is $68,750 a year. The US average is $69,021 a year.