Fulda, MN is a small community of just over 1,000 people located in southwest Minnesota. It is home to many local companies such as Fulda Area School District, Ryan Companies US Inc., and the Fulda Free Press. The average two bedroom rent in the area is $850 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Fulda is 95 compared to 100 in the US. Residents of Fulda have access to all the benefits of living in a small town while also making use of nearby larger cities such as Marshall and Sioux Falls for more diverse shopping options and employment opportunities.
Fulda (zip 56131) has an unemployment rate of 6.4%. The US average is 6.0%.
Fulda (zip 56131) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Fulda (zip 56131)
- The Sales Tax Rate for Fulda (zip 56131) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Fulda (zip 56131) 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 Fulda (zip 56131)
- The average income of a Fulda (zip 56131) resident is $27,869 a year. The US average is $28,555 a year.
- The Median household income of a Fulda (zip 56131) resident is $71,705 a year. The US average is $69,021 a year.