Watonwan, MN County is a great place to live with low rent prices and grocery costs. The cost of a two bedroom rental in Watonwan is $830 compared to $1,430 throughout the US, making Watonwan an affordable option for those on a budget. Additionally, the Grocery Cost Index in Watonwan is 93 versus 100 in the US, giving residents more buying power when purchasing groceries. In Watonwan, there are local businesses such as Modineer Manufacturers Inc., Watonwan Meats and Sausage Co., and Preferred Sand & Gravel LLC that provide quality services and goods to surrounding communities. Overall, Watonwan offers its citizens value for their money with lower than average rent and grocery costs while still providing access to quality local businesses.
Watonwan County has an unemployment rate of 4.5%. The US average is 6.0%.
Watonwan County 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 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Watonwan County
- The Sales Tax Rate for Watonwan County is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Watonwan County 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 Watonwan County
- The average income of a Watonwan County resident is $26,298 a year. The US average is $28,555 a year.
- The Median household income of a Watonwan County resident is $59,494 a year. The US average is $69,021 a year.