Wilmont, MN is a small city located in Minnesota. The city offers an affordable cost of living, with two bedroom rent averaging $910 as compared to the US average of $1,430, and a grocery cost index of 93 versus 100 in the US. This makes Wilmont an attractive place for those looking to save money. The city provides plenty of job opportunities too, with companies such as Wilmont Community Pharmacy and Wilmont Hardware Store being some of the most well-known ones in the area. In addition to these stores, there are also a number of other businesses located here such as Wilmont Electrical Supply Co., Wilmont Automotive Company, and many more. With its great amenities and affordability, it's no wonder that more people are choosing to make Wilmont their home.
Wilmont has an unemployment rate of 3.7%. The US average is 6.0%.
Wilmont has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Wilmont
- The Sales Tax Rate for Wilmont is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wilmont 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 Wilmont
- The average income of a Wilmont resident is $22,494 a year. The US average is $28,555 a year.
- The Median household income of a Wilmont resident is $50,781 a year. The US average is $69,021 a year.