Malta, MN is a small town located in Minnesota. It has a population of just over 1,000 people. The cost of living is very affordable in Malta, with the average 2 bedroom rent being $810, compared to the US average at $1,430. The Grocery Cost Index in Malta is 93 versus 100 in the US. Local companies in Malta include Agropur Maltplant, North American State Bank and People's Store. Malta also offers many outdoor activities such as fishing and hiking for both residents and visitors alike. All these amenities make it an ideal place to live for those looking for a low-cost option with plenty of recreational activities
Malta has an unemployment rate of 5.9%. The US average is 6.0%.
Malta has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Malta
- The Sales Tax Rate for Malta is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Malta 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 Malta
- The average income of a Malta resident is $41,755 a year. The US average is $37,638 a year.
- The Median household income of a Malta resident is $83,152 a year. The US average is $69,021 a year.