Traverse, MN is a small town located in the Midwest. It's known for its rural atmosphere and low cost of living. The two bedroom rent in Traverse is well below the national average at $1,080 versus $1,430 nationally. Grocery costs are also lower than average, with an index score of 99 versus 100 in the US. \nTraverse is home to several local companies such as Risdall Advertising Group, Xcel Energy and Coldwell Banker Burnet Realty. These employers offer a variety of job opportunities that match the skillsets of many residents and visitors alike. All in all, Traverse has something for everyone no matter their budget or lifestyle.
Traverse has an unemployment rate of 3.6%. The US average is 6.0%.
Traverse has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Traverse
- The Sales Tax Rate for Traverse is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Traverse 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 Traverse
- The average income of a Traverse resident is $39,696 a year. The US average is $37,638 a year.
- The Median household income of a Traverse resident is $70,000 a year. The US average is $69,021 a year.