Inman, MN Economy


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Inman, MN is a great place to live for those who prefer a slower pace of life. The cost of living is low, with two-bedroom rent coming in at $870, which is much less than the US average of $1,430. Grocery costs are also lower compared to the national average with an index of 95 versus 100 in the US. Additionally, Inman offers numerous quality amenities such as local businesses like Market Street Mall and Inman Dental Clinic. There are also plenty of outdoor activities like hiking, biking and fishing in nearby parks. With its low cost of living and plentiful amenities, Inman can be a great place to call home.

Inman has an unemployment rate of 5.3%. The US average is 6.0%.

Inman has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.

Tax Rates for Inman
- The Sales Tax Rate for Inman is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Inman 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 Inman
- The average income of a Inman resident is $17,965 a year. The US average is $28,555 a year.
- The Median household income of a Inman resident is $60,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyInman, MinnesotaUnited States
  5.36
  -1.0%-6.2%
  34.5%33.5%
  7.4%6.2%
  7.1%4.6%
  $21,734$37,638
  $60,000$69,021
  $61,250$85,028
  Population by Occupation
  11.0%1.2%
  0.0%0.5%
  11.0%6.8%
  7.5%10.0%
  4.1%2.5%
  14.4%11.0%
  7.5%4.8%
  0.0%0.8%
  3.4%1.9%
  2.1%4.7%
  0.0%1.9%
  0.0%7.6%
  0.7%0.1%
  0.0%4.2%
  4.1%9.3%
  13.0%14.0%
  0.0%2.1%
  19.9%7.0%
  0.7%4.8%
  0.7%4.7%
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