Smoky Hollow, MN is a charming small town located in the Midwest. Despite its size, there are many local companies that make up the community. These businesses include Halbert's Grocery Store, Johnson's Family Bakery, and Reid's Coffee House. The cost of living in Smoky Hollow is relatively low when compared to the rest of the United States. For example, the average rent for a two bedroom apartment in Smoky Hollow is $870 per month while it is $1,430 per month across the country. Additionally, the Grocery Cost Index in Smoky Hollow stands at 96 compared to 100 nationwide. This makes Smoky Hollow an affordable place to live and work with plenty of great local businesses to choose from.
Smoky Hollow has an unemployment rate of 8.4%. The US average is 6.0%.
Smoky Hollow has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Smoky Hollow
- The Sales Tax Rate for Smoky Hollow is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Smoky Hollow 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 Smoky Hollow
- The average income of a Smoky Hollow resident is $15,176 a year. The US average is $37,638 a year.
- The Median household income of a Smoky Hollow resident is $47,500 a year. The US average is $69,021 a year.