Jefferson, MN Economy


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Jefferson, MN is a small town in Minnesota that offers its residents plenty of local amenities. The 2 bedroom rent of $870 is quite affordable, especially when compared to the US average of $1,430. This makes Jefferson an excellent option for those looking for a more budget-friendly lifestyle. The grocery cost index in Jefferson is also quite low at 96 compared to the US average of 100.
Jefferson has plenty of local companies and amenities to offer its residents. Some of these include the local coffee shop, Jefferson Cafe, and the River's Edge Bar & Grill restaurant. There are also several parks, including Ackerman Park and Schlosser Park, as well as the nearby Lake Rebecca Golf Course. There are many shops downtown where you can find everything from clothing to antiques. With so much to do and see in Jefferson, MN it's easy to see why this small town is such an appealing place to call home.

Jefferson has an unemployment rate of 4.4%. The US average is 6.0%.

Jefferson has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.

Tax Rates for Jefferson
- The Sales Tax Rate for Jefferson is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Jefferson 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 Jefferson
- The average income of a Jefferson resident is $24,086 a year. The US average is $28,555 a year.
- The Median household income of a Jefferson resident is $72,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyJefferson, MinnesotaUnited States
  4.46
  -1.9%-6.2%
  32.6%33.5%
  6.9%6.2%
  7.1%4.6%
  $40,054$37,638
  $72,500$69,021
  $81,250$85,028
  Population by Occupation
  3.6%1.2%
  0.0%0.5%
  23.6%6.8%
  3.6%10.0%
  0.0%2.5%
  7.3%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  9.1%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  5.5%4.2%
  14.5%9.3%
  32.7%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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