Valley, MN is a small city located in the Midwest United States. It has a relatively low cost of living when compared to the national average, with an average two-bedroom rent of $840 and a grocery cost index of 95 versus 100 in the US. This makes Valley an attractive place to live for those looking for an affordable lifestyle. Despite its quaint size, Valley is home to several large companies, such as Valley Manufacturing Co., Valley Dental Associates, and Valley Auto Parts. These businesses provide many jobs for local residents and contribute to the economic well-being of the area.
Valley has an unemployment rate of 6.6%. The US average is 6.0%.
Valley has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Valley
- The Sales Tax Rate for Valley is 6.9%. The US average is 7.3%.
- The Income Tax Rate for 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 Valley
- The average income of a Valley resident is $36,702 a year. The US average is $37,638 a year.
- The Median household income of a Valley resident is $80,625 a year. The US average is $69,021 a year.