Erhard, Minnesota is a small town located in Otter Tail County with a population of approximately 565 people. The average two bedroom rent in Erhard is very affordable at $880 per month, significantly lower than the US average of $1,430 per month. Additionally, the overall cost of living in Erhard is quite reasonable with a grocery cost index of 100, which is equal to the national average.
Erhard is home to several local businesses such as Erhard Tavern & Cafe and The Pine Tree Market. There are also many other services available in the area including banks, supermarkets, gas stations, and beauty salons.
Overall, Erhard offers its residents an affordable cost of living with plenty of amenities and businesses within close proximity. With its low rent costs and reasonable grocery prices, Erhard makes for an attractive destination for those looking to save money while still having access to all the necessary services they need.
Erhard (zip 56534) has an unemployment rate of 5.3%. The US average is 6.0%.
Erhard (zip 56534) has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Erhard (zip 56534)
- The Sales Tax Rate for Erhard (zip 56534) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Erhard (zip 56534) 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 Erhard (zip 56534)
- The average income of a Erhard (zip 56534) resident is $32,451 a year. The US average is $28,555 a year.
- The Median household income of a Erhard (zip 56534) resident is $76,818 a year. The US average is $69,021 a year.