Verndale, MN is a small rural town in Wadena County. The median 2 bedroom rent in the area is $810, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Verndale is 94 compared to an index of 100 for the entire US. This makes living in Verndale an affordable option for those looking for a rural lifestyle at a reduced cost. Some notable local companies include Verndale Family Restaurant, Crookston Times Printing and Publishing Co., and Brandt's Market. These businesses provide jobs to citizens of the community and offer quality services to locals and visitors alike.
Verndale has an unemployment rate of 6.9%. The US average is 6.0%.
Verndale has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 4.3%, which is lower than the US average of 33.5%.
Tax Rates for Verndale
- The Sales Tax Rate for Verndale is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Verndale 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 Verndale
- The average income of a Verndale resident is $18,876 a year. The US average is $28,555 a year.
- The Median household income of a Verndale resident is $37,750 a year. The US average is $69,021 a year.