Irving, MN Economy


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Irving, MN is a small but bustling town in northwestern Minnesota. It is well known for its friendly people and low cost of living. The average two bedroom rent in Irving is $790, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Irving stands at 99 versus 100 nationally, giving residents opportunities to save money on everyday items.
Some notable businesses located in Irving include Schroeder’s Super Valu, a local grocery store with prices that are competitive with larger chain stores and MK’s Bar & Grill, a popular restaurant serving up delicious burgers and sandwiches. For those looking for outdoor activities there are several parks nearby including Monroe Park which offers wide open spaces and plenty of trails for walking or biking. With its relaxed atmosphere and affordable costs, Irving is an appealing place to call home.

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

Irving 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 Irving
- The Sales Tax Rate for Irving is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Irving 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 Irving
- The average income of a Irving resident is $34,328 a year. The US average is $28,555 a year.
- The Median household income of a Irving resident is $99,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIrving, MinnesotaUnited States
  4.96
  0.3%-6.2%
  37.1%33.5%
  6.9%6.2%
  7.1%4.6%
  $50,709$37,638
  $99,375$69,021
  $105,625$85,028
  Population by Occupation
  6.0%1.2%
  0.0%0.5%
  11.7%6.8%
  9.1%10.0%
  1.1%2.5%
  13.2%11.0%
  6.5%4.8%
  0.6%0.8%
  0.0%1.9%
  11.9%4.7%
  0.9%1.9%
  2.6%7.6%
  0.0%0.1%
  0.4%4.2%
  14.2%9.3%
  9.9%14.0%
  0.4%2.1%
  3.4%7.0%
  4.7%4.8%
  3.5%4.7%
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