Spalding, MN Economy


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United States / Minnesota / No Metro Area / Aitkin County / Spalding / Zip Codes
Spalding, MN is a small town located in the heart of Minnesota. The cost of living is quite affordable, with the average two bedroom rental rate at $850, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Spalding is 97 versus 100 in the US. This small town has many local businesses including Anderson Lumber, Spalding Floral & Greenhouse, and J-Bar Clothing Company. People are drawn to this friendly community for its low cost of living and close knit atmosphere.

Spalding has an unemployment rate of 7.1%. The US average is 6.0%.

Spalding has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.

Tax Rates for Spalding
- The Sales Tax Rate for Spalding is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Spalding 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 Spalding
- The average income of a Spalding resident is $18,536 a year. The US average is $37,638 a year.
- The Median household income of a Spalding resident is $44,464 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpalding, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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