Economy in Savage, Minnesota

Economy

Economy	Savage, MN	United States
Unemployment Rate	6.60%	9.10%
Recent Job Growth	-0.15%	-0.12%
Future Job Growth	33.10%	31.25%
Sales Taxes	6.50%	6.80%
Income Taxes	7.85%	6.25%
Income per Cap.	$32,848	$27,067
Household Income	$93,179	$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K	2.73%	12.10%
Income between 15K and 25K	2.34%	10.18%
Income between 25K and 35K	4.24%	10.56%
Income between 35K and 50K	6.64%	14.98%
Income between 50K and 75K	18.35%	19.53%
Income between 75K and 100K	22.14%	12.52%
Income between 100K and 150K	31.20%	12.14%
Income between 150K and 250K	7.03%	3.91%
Income between 250K and 500K	4.85%	3.34%
Income greater than 500K	0.49%	0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations	25.67%	13.81%
Professional and Related Occupations	24.99%	22.68%
Service	9.98%	14.51%
Sales and Office	26.42%	25.22%
Farming, Fishing, and Forestry	0.02%	0.68%
Construction, Extraction, and Maintenance	5.87%	9.37%
Production, Transportation, and Material Moving	11.58%	15.86%

The unemployment rate in Savage, MN, is 6.60%, with job growth of -0.15%. Future job growth over the next ten years is predicted to be 33.10%.

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

The income per capita is $32,848, which includes all adults and children. The median household income is $93,179.

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