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Economy in Independence, Minnesota

Overview, People, Health, Economy, Housing, Rankings, Crime
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Economy
EconomyIndependence, MNUnited States
Unemployment Rate6.10%9.10%
Recent Job Growth0.46%-0.12%
Future Job Growth34.82%31.25%
Sales Taxes6.65%6.80%
Income Taxes7.85%6.25%
Income per Cap.$42,525$27,067
Household Income$91,465$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K3.39%12.10%
Income between 15K and 25K3.80%10.18%
Income between 25K and 35K5.62%10.56%
Income between 35K and 50K10.50%14.98%
Income between 50K and 75K17.52%19.53%
Income between 75K and 100K14.21%12.52%
Income between 100K and 150K24.05%12.14%
Income between 150K and 250K9.01%3.91%
Income between 250K and 500K8.10%3.34%
Income greater than 500K3.80%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations23.05%13.81%
Professional and Related Occupations20.06%22.68%
Service13.69%14.51%
Sales and Office23.64%25.22%
Farming, Fishing, and Forestry0.50%0.68%
Construction, Extraction, and Maintenance8.21%9.37%
Production, Transportation, and Material Moving15.38%15.86%
Median Household Income

The unemployment rate in Independence, MN, is 6.10%, with job growth of 0.46%. Future job growth over the next ten years is predicted to be 34.82%.

Independence, MN Taxes

Independence, MN,sales tax rate is 6.65%. Income tax is 7.85%.

Independence, MN Income and Salaries

The income per capita is $42,525, which includes all adults and children. The median household income is $91,465.


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