Villard, Minnesota is a city located in Otter Tail County with a population of 56385. It offers a great cost of living, with 2 bedroom rent prices at $1,120 compared to the US average of $1,430. Additionally, grocery costs are lower than the national average, with an index of 97 compared to 100 in the US. There are many local businesses in Villard that contribute to its economy such as SunOpta Inc., an organic food and beverage company; Northwest Machine Works Inc., which provides precision machining services; and S & W Manufacturing Co., a sheet metal fabrication shop.
Villard (zip 56385) has an unemployment rate of 4.5%. The US average is 6.0%.
Villard (zip 56385) has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Villard (zip 56385)
- The Sales Tax Rate for Villard (zip 56385) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Villard (zip 56385) 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 Villard (zip 56385)
- The average income of a Villard (zip 56385) resident is $34,067 a year. The US average is $37,638 a year.
- The Median household income of a Villard (zip 56385) resident is $51,976 a year. The US average is $69,021 a year.