Ward, MN is a small town located in Hennepin County. It is an ideal location for families looking for suburban living with all of the amenities that come with city life. The cost of living here is relatively affordable compared to other areas in the US, with a two bedroom rent costing $850 per month—significantly lower than the national average of $1,430 per month. Furthermore, groceries are also more affordable as Ward has a grocery cost index of 95 versus 100 nationwide. There are several local companies in Ward which provide job opportunities such as Walmart and Target. All in all, Ward offers residents an economical place to live with access to many quality employment opportunities.
Ward has an unemployment rate of 5.4%. The US average is 6.0%.
Ward has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Ward
- The Sales Tax Rate for Ward is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ward 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 Ward
- The average income of a Ward resident is $26,532 a year. The US average is $28,555 a year.
- The Median household income of a Ward resident is $67,750 a year. The US average is $69,021 a year.