Atwater, MN Economy


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Atwater, MN is a small city situated in the Central region of Minnesota. It is home to a population of approximately 2,000 people who enjoy a peaceful and laid-back lifestyle. Housing costs in Atwater are quite affordable compared to other cities in the area, with a two bedroom rent rate at $870 compared to the US average of $1,430. The Grocery Cost Index in Atwater has also been measured at 95 versus 100 in other parts of the United States. There are several local businesses that serve the community such as Atwater Family Foods, The Country Store and White's Repair Shop. Each business offers unique services from grocery shopping to automotive repairs. Additionally, there are numerous organizations in the area that support recreational activities for all ages like the Atwater Swimming Pool and Ice Skating Rink or Playtime Lanes Bowling Alley.

Atwater has an unemployment rate of 4.9%. The US average is 6.0%.

Atwater has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.

Tax Rates for Atwater
- The Sales Tax Rate for Atwater is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Atwater is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Atwater
- The average income of a Atwater resident is $22,153 a year. The US average is $28,555 a year.
- The Median household income of a Atwater resident is $58,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAtwater, MinnesotaUnited States
  4.96
  0.3%-6.2%
  37.1%33.5%
  7.4%6.2%
  7.1%4.6%
  $24,261$37,638
  $58,000$69,021
  $80,658$85,028
  Population by Occupation
  3.3%1.2%
  0.0%0.5%
  6.0%6.8%
  10.8%10.0%
  1.5%2.5%
  10.2%11.0%
  2.3%4.8%
  0.8%0.8%
  1.0%1.9%
  0.0%4.7%
  1.2%1.9%
  2.7%7.6%
  0.0%0.1%
  3.5%4.2%
  12.7%9.3%
  21.6%14.0%
  0.0%2.1%
  8.5%7.0%
  4.0%4.8%
  10.0%4.7%
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