Splithand, MN is a charming small town located near the Minnesota border. It has a population of just over 10,000 people. The cost of living in Splithand is relatively low compared to other areas, with rent for two bedroom apartments costing around $980. Additionally, grocery costs index in Splithand is 97 compared to 100 in the US. Popular local businesses include Acme Automotive Repair and Peterson’s Bakery & Diner.
The advantages of living in Splithand are the lower cost of living as well as its cozy small-town atmosphere. On the downside, jobs may be hard to come by since there are not many large companies located within Splithand itself. Also, public transportation options are limited which can be inconvenient for those who need to travel far for work or leisure activities.
Splithand has an unemployment rate of 6.2%. The US average is 6.0%.
Splithand has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Splithand
- The Sales Tax Rate for Splithand is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Splithand 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 Splithand
- The average income of a Splithand resident is $22,107 a year. The US average is $28,555 a year.
- The Median household income of a Splithand resident is $53,750 a year. The US average is $69,021 a year.