Economy in Medo township, Minnesota
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Economy
| Unemployment Rate | 5.80% | 9.10% |
| Recent Job Growth | 0.50% | -0.12% |
| Future Job Growth | 35.20% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 7.85% | 6.25% |
| Income per Cap. | $24,390 | $27,067 |
| Household Income | $57,637 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 7.38% | 12.10% |
| Income between 15K and 25K | 6.04% | 10.18% |
| Income between 25K and 35K | 11.41% | 10.56% |
| Income between 35K and 50K | 16.11% | 14.98% |
| Income between 50K and 75K | 29.53% | 19.53% |
| Income between 75K and 100K | 12.08% | 12.52% |
| Income between 100K and 150K | 13.43% | 12.14% |
| Income between 150K and 250K | 3.36% | 3.91% |
| Income between 250K and 500K | 0.67% | 3.34% |
| Income greater than 500K | 0.00% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 18.39% | 13.81% |
| Professional and Related Occupations | 10.76% | 22.68% |
| Service | 16.14% | 14.51% |
| Sales and Office | 23.77% | 25.22% |
| Farming, Fishing, and Forestry | 1.79% | 0.68% |
| Construction, Extraction, and Maintenance | 11.21% | 9.37% |
| Production, Transportation, and Material Moving | 22.87% | 15.86% |
The unemployment rate in Medo township, MN, is 5.80%, with job growth of 0.50%. Future job growth over the next ten years is predicted to be 35.20%.
Medo township, MN Taxes
Medo township, MN,sales tax rate is 7.00%. Income tax is 7.85%.
Medo township, MN Income and Salaries
The income per capita is $24,390, which includes all adults and children. The median household income is $57,637.
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