Yellow Bank, MN is a small town nestled on the banks of the Mississippi River. The two-bedroom rent here is $800, which is much more affordable than the U.S. average of $1,430. Groceries in Yellow Bank are even cheaper; with a Grocery Cost Index of 93 versus the U.S. average of 100, residents can enjoy quality groceries without breaking their budget.
The town also hosts some great local businesses such as H & S Auto Repair and Sales, Rosie's Diner, and the Rusty Sprocket Skate Shack. These businesses offer a unique charm to Yellow Bank and provide locals with quality products and services all while helping keep money within the community.
Yellow Bank has an unemployment rate of 4.5%. The US average is 6.0%.
Yellow Bank has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Yellow Bank
- The Sales Tax Rate for Yellow Bank is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Yellow Bank 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 Yellow Bank
- The average income of a Yellow Bank resident is $30,546 a year. The US average is $37,638 a year.
- The Median household income of a Yellow Bank resident is $49,375 a year. The US average is $69,021 a year.