Twin Valley, MN is a small city with a population of around 1,900 people located in northwestern Minnesota. It is known for its rural beauty and local businesses. Twin Valley offers a variety of services such as outdoor recreation activities, shopping opportunities, and more. The cost of living in Twin Valley is quite reasonable compared to many other cities in Minnesota. According to recent data, the average rent for a two bedroom apartment is $1120 while the US average rent for a two bedroom apartment is $1430. Grocery Cost Index is also lower than the US average with 93 versus 100 respectively. Some key local businesses include The Rambler Cafe & Bar, Cenex Convenience Store, and Jeff’s Body & Paint Repair Shop. With an affordable cost of living and diverse array of services, Twin Valley makes for an ideal place to call home.
Twin Valley has an unemployment rate of 5.7%. The US average is 6.0%.
Twin Valley has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Twin Valley
- The Sales Tax Rate for Twin Valley is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Twin 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 Twin Valley
- The average income of a Twin Valley resident is $18,744 a year. The US average is $28,555 a year.
- The Median household income of a Twin Valley resident is $48,235 a year. The US average is $69,021 a year.