Evansville, MN Economy


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Evansville, MN is a small town located in the state of Minnesota with a population of approximately 2,000. The median 2 bedroom rent in Evansville is $890 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Evansville is 97 versus 100 for the US, meaning that groceries are generally cheaper in Evansville than they are in other cities. \nSome of the local companies found in Evansville include CNC Motors LLC who specialize in buying and selling classic cars, Larson Marine Inc., a boat dealership and repair shop, and J&J Lawncare offering lawn mowing services. There are also several restaurants and boutiques found around town as well as a few small businesses.

Evansville has an unemployment rate of 4.1%. The US average is 6.0%.

Evansville has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.

Tax Rates for Evansville
- The Sales Tax Rate for Evansville is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Evansville 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 Evansville
- The average income of a Evansville resident is $19,256 a year. The US average is $28,555 a year.
- The Median household income of a Evansville resident is $42,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEvansville, MinnesotaUnited States
  4.16
  -0.6%-6.2%
  36.5%33.5%
  7.4%6.2%
  7.1%4.6%
  $27,186$37,638
  $42,500$69,021
  $59,659$85,028
  Population by Occupation
  5.4%1.2%
  0.0%0.5%
  6.1%6.8%
  17.9%10.0%
  3.6%2.5%
  12.5%11.0%
  0.7%4.8%
  0.0%0.8%
  0.0%1.9%
  3.2%4.7%
  1.1%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  4.7%9.3%
  23.7%14.0%
  1.1%2.1%
  8.2%7.0%
  10.4%4.8%
  1.4%4.7%
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