Holloway, MN is a small town with a population of just 562 people. Despite its size there are still several local companies that serve the community. For those looking to rent a two bedroom apartment in Holloway, you can expect to pay around $850 per month. This is slightly lower than the national average of $1,430 for 2 bedrooms. Grocery costs are also lower than the US index, making Holloway an affordable place to live. Local companies include Holloway Lumber Co., Holloway Construction Co., and Holloway Automotive Services. The community is proud of these businesses as they provide employment opportunities and keep the town running smoothly.
Holloway (zip 56249) has an unemployment rate of 5.6%. The US average is 6.0%.
Holloway (zip 56249) has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Holloway (zip 56249)
- The Sales Tax Rate for Holloway (zip 56249) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Holloway (zip 56249) 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 Holloway (zip 56249)
- The average income of a Holloway (zip 56249) resident is $46,849 a year. The US average is $37,638 a year.
- The Median household income of a Holloway (zip 56249) resident is $62,708 a year. The US average is $69,021 a year.