Udolpho, MN is a small rural town located in Minnesota with a population of just under 1,000 people. It is known for its friendly atmosphere and laid-back lifestyle. There are several local businesses in Udolpho, including a gas station, grocery store, hardware store, and couple of restaurants. The rent for a two-bedroom apartment is surprisingly low at $990 per month while the US average is $1,430. In addition to the rent prices being lower than most places, the cost of groceries in Udolpho is also lower compared to the national average with an index score of 95 versus 100 in the US. All these factors make it an affordable place to live with a comfortable lifestyle.
Udolpho has an unemployment rate of 4.2%. The US average is 6.0%.
Udolpho has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Udolpho
- The Sales Tax Rate for Udolpho is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Udolpho 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 Udolpho
- The average income of a Udolpho resident is $55,158 a year. The US average is $37,638 a year.
- The Median household income of a Udolpho resident is $131,042 a year. The US average is $69,021 a year.