Silver Leaf, MN is a small town located in the Midwest with a population of around 5,000 people. It has an unbeatable cost of living, with 2 bedroom rentals costing just $870 while the US average is $1,430. The Grocery Cost Index in Silver Leaf is also low at 99 versus 100 for the rest of US. Companies in Silver Leaf include Royal Express Delivery, Smith Construction Company, and Lakeview Auto Repair Shop. With competitive costs of living and a wide range of local businesses to choose from, Silver Leaf is a great place to live and work.
Silver Leaf has an unemployment rate of 5.3%. The US average is 6.0%.
Silver Leaf has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Silver Leaf
- The Sales Tax Rate for Silver Leaf is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Silver Leaf 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 Silver Leaf
- The average income of a Silver Leaf resident is $21,768 a year. The US average is $28,555 a year.
- The Median household income of a Silver Leaf resident is $75,833 a year. The US average is $69,021 a year.