Minto, ND is a small town located in North Dakota. It has a population of just over 700 people and is known for its friendly atmosphere and low cost of living. The average rent for a two bedroom apartment in Minto is $940 compared to the US average of $1,430 making it 50% cheaper than the national average. It is even cheaper when you factor in the grocery cost index which stands at 92 versus 100 in the US.
The economy of Minto largely revolves around agriculture with major companies such as Miller Farms and Red River Valley Grain providing employment opportunities to locals. The area also boasts many small businesses including bakeries, hardware stores, gas stations, and cafes frequented by visitors and locals alike.
Overall, living in Minto offers an affordable lifestyle with plenty of local amenities that make it a great place to live or visit!
Minto has an unemployment rate of 5.8%. The US average is 6.0%.
Minto has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Minto
- The Sales Tax Rate for Minto is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Minto is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Minto
- The average income of a Minto resident is $22,933 a year. The US average is $28,555 a year.
- The Median household income of a Minto resident is $69,063 a year. The US average is $69,021 a year.