Economy in Newfolden, Minnesota

Economy

Economy	Newfolden, MN	United States
Unemployment Rate	11.50%	9.10%
Recent Job Growth	0.14%	-0.12%
Future Job Growth	28.78%	31.25%
Sales Taxes	6.50%	6.80%
Income Taxes	7.85%	6.25%
Income per Cap.	$19,600	$27,067
Household Income	$42,581	$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K	14.47%	12.10%
Income between 15K and 25K	13.82%	10.18%
Income between 25K and 35K	13.16%	10.56%
Income between 35K and 50K	17.11%	14.98%
Income between 50K and 75K	26.32%	19.53%
Income between 75K and 100K	11.18%	12.52%
Income between 100K and 150K	3.29%	12.14%
Income between 150K and 250K	0.66%	3.91%
Income between 250K and 500K	0.00%	3.34%
Income greater than 500K	0.00%	0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations	12.50%	13.81%
Professional and Related Occupations	14.77%	22.68%
Service	11.93%	14.51%
Sales and Office	21.59%	25.22%
Farming, Fishing, and Forestry	0.57%	0.68%
Construction, Extraction, and Maintenance	9.66%	9.37%
Production, Transportation, and Material Moving	31.82%	15.86%

The unemployment rate in Newfolden, MN, is 11.50%, with job growth of 0.14%. Future job growth over the next ten years is predicted to be 28.78%.

Newfolden, MN,sales tax rate is 6.50%. Income tax is 7.85%.

The income per capita is $19,600, which includes all adults and children. The median household income is $42,581.

Newfolden Economy SperlingViews