Waltham, MN is a city located in the heart of Minnesota with numerous local companies that have attracted many people to the area. Not only are there great local businesses, Waltham also has an affordable cost of living compared to other cities across the United States. The average 2 bedroom rent in Waltham is $1,050 while the national average is $1,430. Furthermore, the grocery cost index for Waltham is 95 versus 100 in the US. Some local companies include Home Depot, Target Corporation and Wells Fargo Bank which all contribute to the city's economic success.
Waltham has an unemployment rate of 4.2%. The US average is 6.0%.
Waltham has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Waltham
- The Sales Tax Rate for Waltham is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Waltham 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 Waltham
- The average income of a Waltham resident is $24,417 a year. The US average is $28,555 a year.
- The Median household income of a Waltham resident is $65,000 a year. The US average is $69,021 a year.