Wolford, MN is a growing town located in the Midwest. Its vibrant downtown area hosts a variety of stores, restaurants, and entertainment options for residents and visitors alike. Popular local companies in Wolford include Smith's Grocery Store, Wolford Lumber Co., and B&B Motors. Rent for a two bedroom unit in Wolford is significantly lower than the US average at $1,010 compared to $1,430. Additionally, grocery costs are lower with the cost index being 94 instead of 100. With its affordable living costs and convenient downtown area, Wolford has become an attractive destination for people looking to live in the Midwest.
Wolford has an unemployment rate of 6.0%. The US average is 6.0%.
Wolford has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Wolford
- The Sales Tax Rate for Wolford is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Wolford 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 Wolford
- The average income of a Wolford resident is $41,927 a year. The US average is $37,638 a year.
- The Median household income of a Wolford resident is $88,125 a year. The US average is $69,021 a year.