Carrolton, MN Economy


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Carrolton, MN is a small town located in the state of Minnesota. It is known for its friendly residents and affordable cost of living. The average two-bedroom rent for Carrolton is only $820, which is much lower than the US average of $1,430. Grocery costs are also relatively low at 97 compared to 100 in the US.
Carrolton offers an array of activities and attractions. For those who enjoy outdoor activities there are plenty of parks and trails. There are also several local businesses such as Tony’s Market for groceries, Farley’s Bar & Grill for dining and entertainment, and Wildwood Florist for flowers and gifts. With its low cost of living and abundance of things to do, Carrolton is an ideal place to call home.

Carrolton has an unemployment rate of 4.7%. The US average is 6.0%.

Carrolton has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.

Tax Rates for Carrolton
- The Sales Tax Rate for Carrolton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Carrolton 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 Carrolton
- The average income of a Carrolton resident is $32,280 a year. The US average is $28,555 a year.
- The Median household income of a Carrolton resident is $78,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarrolton, MinnesotaUnited States
  4.76
  -0.6%-6.2%
  29.3%33.5%
  7.4%6.2%
  7.1%4.6%
  $39,882$37,638
  $78,125$69,021
  $85,000$85,028
  Population by Occupation
  21.4%1.2%
  0.0%0.5%
  4.5%6.8%
  13.0%10.0%
  1.9%2.5%
  8.4%11.0%
  0.6%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  1.3%7.6%
  0.0%0.1%
  5.2%4.2%
  12.3%9.3%
  17.5%14.0%
  1.9%2.1%
  4.5%7.0%
  3.9%4.8%
  3.2%4.7%
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