Caledonia, MN Economy

Caledonia, MN is a small but vibrant city located in the southeastern corner of Minnesota. It is home to approximately 3,000 people and boasts a strong economy. The cost of living in Caledonia is quite low compared to other cities; 2 bedroom rent is only $870 whereas the US average is $1,430. Additionally, the grocery cost index in Caledonia is 96 compared to the US average of 100. There are many businesses that thrive in this city, including Market & Johnson Construction Company, Krenzler and Associates LLC, and Wahlstrom Electric Inc. Caledonia has something for everyone – from great shopping and dining options to incredible outdoor recreation opportunities.

Caledonia has an unemployment rate of 4.4%. The US average is 6.0%.

Caledonia has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.

Tax Rates for Caledonia
- The Sales Tax Rate for Caledonia is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Caledonia 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 Caledonia
- The average income of a Caledonia resident is $21,957 a year. The US average is $28,555 a year.
- The Median household income of a Caledonia resident is $54,390 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Caledonia, Minnesota	United States
	4.4	6
	-1.9%	-6.2%
	32.6%	33.5%
	6.9%	6.2%
	7.1%	4.6%
	$35,980	$37,638
	$54,390	$69,021
	$80,602	$85,028
Population by Occupation
	2.8%	1.2%
	0.0%	0.5%
	10.3%	6.8%
	16.5%	10.0%
	8.1%	2.5%
	9.5%	11.0%
	1.4%	4.8%
	2.3%	0.8%
	0.0%	1.9%
	2.6%	4.7%
	1.3%	1.9%
	2.1%	7.6%
	0.0%	0.1%
	1.9%	4.2%
	5.8%	9.3%
	19.2%	14.0%
	0.4%	2.1%
	5.4%	7.0%
	6.1%	4.8%
	4.4%	4.7%