Vasa, MN is a small town in Minnesota with an estimated population of about 1,100 people. Despite its size, it is an attractive place for renters due to its lower rent costs compared to the national rate. The average two-bedroom rental in Vasa costs $1,110 whereas the United States as a whole averages around $1,430. Additionally, Vasa's grocery cost index sits at 101 compared to the US rate of 100, making it a great option for budget-minded residents. The town is home to many local businesses like Gopher State Timber Company, Hillman Hardware Hank and Chippewa Valley Bank that serve both local residents and those passing through.
Vasa has an unemployment rate of 4.6%. The US average is 6.0%.
Vasa has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Vasa
- The Sales Tax Rate for Vasa is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Vasa 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 Vasa
- The average income of a Vasa resident is $34,323 a year. The US average is $28,555 a year.
- The Median household income of a Vasa resident is $90,625 a year. The US average is $69,021 a year.