Economy in Fairmont, Minnesota
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Economy
| Unemployment Rate | 7.50% | 9.10% |
| Recent Job Growth | -3.60% | -0.12% |
| Future Job Growth | 25.30% | 31.25% |
| Sales Taxes | 6.50% | 6.80% |
| Income Taxes | 7.85% | 6.25% |
| Income per Cap. | $23,871 | $27,067 |
| Household Income | $43,230 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 15.28% | 12.10% |
| Income between 15K and 25K | 14.50% | 10.18% |
| Income between 25K and 35K | 11.14% | 10.56% |
| Income between 35K and 50K | 16.89% | 14.98% |
| Income between 50K and 75K | 22.81% | 19.53% |
| Income between 75K and 100K | 10.13% | 12.52% |
| Income between 100K and 150K | 6.37% | 12.14% |
| Income between 150K and 250K | 0.74% | 3.91% |
| Income between 250K and 500K | 1.84% | 3.34% |
| Income greater than 500K | 0.31% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 9.90% | 13.81% |
| Professional and Related Occupations | 24.07% | 22.68% |
| Service | 15.34% | 14.51% |
| Sales and Office | 24.99% | 25.22% |
| Farming, Fishing, and Forestry | 1.77% | 0.68% |
| Construction, Extraction, and Maintenance | 6.88% | 9.37% |
| Production, Transportation, and Material Moving | 24.05% | 15.86% |
The unemployment rate in Fairmont, MN, is 7.50%, with job growth of -3.60%. Future job growth over the next ten years is predicted to be 25.30%.
Fairmont, MN Taxes
Fairmont, MN,sales tax rate is 6.50%. Income tax is 7.85%.
Fairmont, MN Income and Salaries
The income per capita is $23,871, which includes all adults and children. The median household income is $43,230.
Fairmont Economy SperlingViews
Schools: Fairmont has good schools. Its K-12 public school system offers a comprehensive curriculum, wide-ranging extra-curricular opportunities, and up-to-date facilities.... (read more)Have an opinion about Fairmont? Leave a commentTo See All SperlingViews for Fairmont Click Here
