In the small town of Wolverton, Minnesota (population 56594), living is affordable. The average two-bedroom rent is $940, nearly 40% lower than the US average of $1,430. Additionally, the Grocery Cost Index of 99 in Wolverton is 1% less than the average national index. This makes it great for budget-conscious families looking for a quiet place to settle down. Wolverton has a few local businesses such as D&N Automotive Repair, J's Tractor Repair Service and Regan Trucking & Excavating that provide ample job opportunities to new residents.
Wolverton (zip 56594) has an unemployment rate of 4.1%. The US average is 6.0%.
Wolverton (zip 56594) 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 20.2%, which is lower than the US average of 33.5%.
Tax Rates for Wolverton (zip 56594)
- The Sales Tax Rate for Wolverton (zip 56594) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wolverton (zip 56594) 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 Wolverton (zip 56594)
- The average income of a Wolverton (zip 56594) resident is $44,639 a year. The US average is $37,638 a year.
- The Median household income of a Wolverton (zip 56594) resident is $78,125 a year. The US average is $69,021 a year.