Ruthton, MN is a small town located in southwest Minnesota with a population of just over 500 people. The median 2 bedroom rent in the area is $750, making it an affordable option for those looking to live in the town. The grocery cost index in the area is 93, which is slightly lower than the national average of 100. Residents have plenty of local businesses to enjoy when needing goods and services with companies such as Blikre Farms providing fresh produce, Ruthton Liquors offering an assortment of alcoholic beverages, and Main Street Barber & Beauty Shop giving customers hairstyling services. With its affordability and range of local amenities, Ruthton offers both comfort and convenience to its residents.
Ruthton (zip 56170) has an unemployment rate of 5.1%. The US average is 6.0%.
Ruthton (zip 56170) has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Ruthton (zip 56170)
- The Sales Tax Rate for Ruthton (zip 56170) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ruthton (zip 56170) 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 Ruthton (zip 56170)
- The average income of a Ruthton (zip 56170) resident is $24,806 a year. The US average is $28,555 a year.
- The Median household income of a Ruthton (zip 56170) resident is $55,556 a year. The US average is $69,021 a year.