Williams, MN is a small town with a population of 56686 located in the United States. The area has a relatively low average 2 bedroom rent rate at $900 compared to the US average of $1,430. Additionally, the grocery cost index for Williams is 93 versus 100 in the US, making groceries more affordable than other areas.
Williams has many local businesses ranging from grocery stores such as Hy-Vee and Fareway to other services like Rubey Realty and Williams Insurance Agency. These businesses provide employment opportunities for residents while helping to keep other living costs down. For instance, purchasing gasoline or getting haircuts could be cheaper due to competition among local shops rather than national chains. Overall, Williams is an affordable place to live with its lower rental rates and grocery prices combined with locally owned businesses providing everyday goods and services at competitive prices.
Williams (zip 56686) has an unemployment rate of 4.4%. The US average is 6.0%.
Williams (zip 56686) has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 16.5%, which is lower than the US average of 33.5%.
Tax Rates for Williams (zip 56686)
- The Sales Tax Rate for Williams (zip 56686) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Williams (zip 56686) 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 Williams (zip 56686)
- The average income of a Williams (zip 56686) resident is $34,462 a year. The US average is $37,638 a year.
- The Median household income of a Williams (zip 56686) resident is $64,861 a year. The US average is $69,021 a year.