Economy in Elkton, Minnesota
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| Unemployment Rate | 4.40% | 8.60% |
| Recent Job Growth | 1.33% | 0.35% |
| Future Job Growth | 38.26% | 32.10% |
| Sales Taxes | 6.50% | 5.00% |
| Income Taxes | 7.05% | 4.70% |
| Income per Cap. | $21,826 | $26,154 |
| Household Income | $40,907 | $50,935 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 11.32% | 12.37% |
| Income between 15K and 25K | 13.21% | 10.53% |
| Income between 25K and 35K | 15.09% | 10.88% |
| Income between 35K and 50K | 22.64% | 15.37% |
| Income between 50K and 75K | 20.75% | 20.14% |
| Income between 75K and 100K | 11.32% | 12.41% |
| Income between 100K and 150K | 5.66% | 11.27% |
| Income between 150K and 250K | 1.89% | 5.01% |
| Income between 250K and 500K | 0.00% | 1.86% |
| Income greater than 500K | 0.00% | 0.16% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 17.54% | 14.04% |
| Professional and Related Occupations | 17.54% | 20.61% |
| Service | 17.54% | 14.45% |
| Sales and Office | 21.05% | 26.75% |
| Farming, Fishing, and Forestry | 3.51% | 0.70% |
| Construction, Extraction, and Maintenance | 10.53% | 9.42% |
| Production, Transportation, and Material Moving | 14.04% | 14.05% |
The unemployment rate in Elkton, MN, is 4.40%, with job growth of 1.33%. Future job growth over the next ten years is predicted to be 38.26%.
Elkton, MN Taxes
Elkton, MN,sales tax rate is 6.50%. Income tax is 7.05%.
Elkton, MN Income and Salaries
The income per capita is $21,826, which includes all adults and children. The median household income is $40,907.
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