Verdon, MN is a small town located in the Midwest with a modest population. It offers great opportunities for those looking to live an affordable lifestyle with plenty of local amenities. The average 2-bedroom rent in Verdon is $930 which is significantly lower than the national average of $1430. Similarly, grocery costs are also much cheaper in Verdon, with its index rating at 94 compared to the US’s 100.
The town also boasts several local businesses that provide goods and services to residents such as Verdon Family Medical Center, a family physician's office; Verdon Motorsports, an ATV/UTV dealership; and Verdon Apparel, a clothing retailer. With low living costs and many local businesses available for support, Verdon is an ideal place for residents looking for an affordable life.
Verdon has an unemployment rate of 7.1%. The US average is 6.0%.
Verdon has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Verdon
- The Sales Tax Rate for Verdon is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Verdon 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 Verdon
- The average income of a Verdon resident is $30,051 a year. The US average is $28,555 a year.
- The Median household income of a Verdon resident is $93,125 a year. The US average is $69,021 a year.