Walworth, MN is an excellent place to live for those looking for a more affordable cost of living. The average two bedroom rent in Walworth is $880 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Walworth is 95 versus 100 in the US. This makes it an attractive option for those looking to save on their monthly expenses.
The area boasts a number of local businesses that contribute to the small-town atmosphere. Jensen's Furniture & Flooring offers custom furniture design services and quality carpets and flooring products. The Bookery & Coffee Shoppe is a popular spot for coffee and books with its inviting atmosphere and cozy decor. Crystal Creek Pet Store has all the pet supplies you need from food to toys plus grooming services too! Lastly, Totten's Tire Service provides automotive repair services as well as tire sales and maintenance.
Walworth has an unemployment rate of 5.3%. The US average is 6.0%.
Walworth has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Walworth
- The Sales Tax Rate for Walworth is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Walworth 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 Walworth
- The average income of a Walworth resident is $27,177 a year. The US average is $37,638 a year.
- The Median household income of a Walworth resident is $31,857 a year. The US average is $69,021 a year.