Veldt, MN is a small town nestled in the northern part of Minnesota. It is known for its low cost of living and affordable rental prices - with the average two bedroom costing just $800 a month. The grocery cost index here is 94, significantly less than the US average of 100. This makes it an appealing place to live for those looking to save money on their monthly expenses.
The town has a diverse array of businesses, including Veldt Regional Bank, Veldt Printing Solutions, and Johnson's Automotive Services. Residents can also find all sorts of services like hair salons, restaurants, and dry cleaners that make it easy to take care of their day-to-day needs in one convenient location.
Veldt has an unemployment rate of 6.6%. The US average is 6.0%.
Veldt has seen the job market increase by 0.3% 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 Veldt
- The Sales Tax Rate for Veldt is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Veldt 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 Veldt
- The average income of a Veldt resident is $22,750 a year. The US average is $28,555 a year.
- The Median household income of a Veldt resident is $77,083 a year. The US average is $69,021 a year.