Kiester, MN Economy


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United States / Minnesota / No Metro Area / Faribault County / Kiester / Zip Codes
Kiester, MN is a small town located in Minnesota. It is well known for its local businesses and low cost of living. The average two bedroom apartment rental price in Kiester is $730 per month, which is significantly lower than the national average of $1,430. Groceries are also much more affordable here with a grocery cost index rating of 91 versus 100 nationally. Local businesses include Kiester Co-op & Elevator, Kiester Lumber Company, and Lee's Hardware Store. With such low housing prices and grocery costs, it's no wonder that so many people choose to make Kiester their home.

Kiester has an unemployment rate of 5.2%. The US average is 6.0%.

Kiester 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 21.7%, which is lower than the US average of 33.5%.

Tax Rates for Kiester
- The Sales Tax Rate for Kiester is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kiester 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 Kiester
- The average income of a Kiester resident is $22,106 a year. The US average is $28,555 a year.
- The Median household income of a Kiester resident is $40,417 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKiester, MinnesotaUnited States
  5.26
  -1.2%-6.2%
  21.7%33.5%
  6.9%6.2%
  7.1%4.6%
  $20,005$37,638
  $40,417$69,021
  $43,295$85,028
  Population by Occupation
  5.1%1.2%
  0.0%0.5%
  9.3%6.8%
  26.8%10.0%
  4.7%2.5%
  16.7%11.0%
  3.9%4.8%
  0.0%0.8%
  2.7%1.9%
  0.8%4.7%
  0.0%1.9%
  1.9%7.6%
  0.0%0.1%
  0.8%4.2%
  2.3%9.3%
  7.8%14.0%
  0.0%2.1%
  9.7%7.0%
  5.4%4.8%
  1.9%4.7%
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