Scandia Valley, MN is a rural town in Minnesota with a small population. Its average 2 bedroom rent is $850, which is quite lower than the national average of $1,430. The grocery cost index in Scandia Valley is equal to that of the US, at 100. Local companies include Scandia Valley Dairy Farm, Scandia Valley Mechanical Services, and Scandia Valley Veterinary Clinic. These businesses provide residents with access to goods and services and help to create jobs within the community.
Scandia Valley has an unemployment rate of 7.1%. The US average is 6.0%.
Scandia Valley has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Scandia Valley
- The Sales Tax Rate for Scandia Valley is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Scandia Valley 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 Scandia Valley
- The average income of a Scandia Valley resident is $31,090 a year. The US average is $28,555 a year.
- The Median household income of a Scandia Valley resident is $78,947 a year. The US average is $69,021 a year.