Twin Valley, MN 56584 is a small city located in the northwestern part of Minnesota. This city has a population of just over 1,500 people. The cost of living here is relatively low with the average 2 bedroom rent being $1,130 compared to $1,430 in the US. Grocery Cost Index in Twin Valley is also lower than the US at 93 versus 100, making this an affordable place to live for those who want to escape higher prices. Twin Valley offers many local companies and attractions such as Arvig Communications (a telecommunications company) and Turtle River State Park which features walking trails and campgrounds. There are also many places to visit such as Valley Golf Course, Twin Valley Public Library, and Long Lake Park. All these businesses and attractions make it a great place to live or visit.
Twin Valley (zip 56584) has an unemployment rate of 5.7%. The US average is 6.0%.
Twin Valley (zip 56584) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.
Tax Rates for Twin Valley (zip 56584)
- The Sales Tax Rate for Twin Valley (zip 56584) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Twin Valley (zip 56584) 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 Twin Valley (zip 56584)
- The average income of a Twin Valley (zip 56584) resident is $22,118 a year. The US average is $28,555 a year.
- The Median household income of a Twin Valley (zip 56584) resident is $62,500 a year. The US average is $69,021 a year.