Jeffers, MN Economy


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United States / Minnesota / No Metro Area / Cottonwood County / Jeffers / Zip Codes
Jeffers, MN is a small town located in the state of Minnesota. It is home to a variety of local businesses and amenities, such as Jeffers Fitness Center, The Fuzzy Pig Restaurant, and Countryside Bank. Despite its size, Jeffers provides a cost-effective living solution compared to other places in the US. The rent for two bedroom apartments in Jeffers is only $750 while it is $1,430 nationally. Additionally, the grocery cost index in Jeffers is 91 compared to 100 nationally which further enhances the affordability of living in this charming little town.

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

Jeffers has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.

Tax Rates for Jeffers
- The Sales Tax Rate for Jeffers is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Jeffers 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 Jeffers
- The average income of a Jeffers resident is $19,276 a year. The US average is $28,555 a year.
- The Median household income of a Jeffers resident is $37,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyJeffers, MinnesotaUnited States
  4.16
  4.8%-6.2%
  12.8%33.5%
  6.9%6.2%
  7.1%4.6%
  $26,660$37,638
  $37,750$69,021
  $44,091$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  10.0%6.8%
  20.7%10.0%
  5.3%2.5%
  6.0%11.0%
  8.7%4.8%
  1.3%0.8%
  1.3%1.9%
  0.0%4.7%
  0.0%1.9%
  0.7%7.6%
  0.0%0.1%
  1.3%4.2%
  4.7%9.3%
  24.7%14.0%
  2.0%2.1%
  4.0%7.0%
  4.0%4.8%
  5.3%4.7%
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