St. Charles, MN Economy


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St. Charles, MN is a great place to live for those who want an affordable lifestyle. The median two bedroom rent in St. Charles is just $1020 compared to the US median of $1430. In addition, the Grocery Cost Index in St. Charles is 98 compared to the US index of 100, showing that groceries are cheaper there than elsewhere in the country. Some popular local businesses include R&B Hardware Inc., K&J Grocery Store, and Creative Memories Corporation. This makes life more affordable for locals and makes St. Charles an attractive place to settle down and call home!

St. Charles has an unemployment rate of 3.7%. The US average is 6.0%.

St. Charles has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.

Tax Rates for St. Charles
- The Sales Tax Rate for St. Charles is 7.4%. The US average is 7.3%.
- The Income Tax Rate for St. Charles 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 St. Charles
- The average income of a St. Charles resident is $23,251 a year. The US average is $28,555 a year.
- The Median household income of a St. Charles resident is $91,378 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySt. Charles, MinnesotaUnited States
  3.76
  -3.5%-6.2%
  24.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $47,296$37,638
  $91,378$69,021
  $100,899$85,028
  Population by Occupation
  2.2%1.2%
  0.0%0.5%
  5.1%6.8%
  19.4%10.0%
  2.2%2.5%
  10.3%11.0%
  5.6%4.8%
  0.0%0.8%
  2.5%1.9%
  4.3%4.7%
  0.4%1.9%
  1.8%7.6%
  0.0%0.1%
  2.6%4.2%
  9.1%9.3%
  25.5%14.0%
  0.0%2.1%
  1.6%7.0%
  3.6%4.8%
  3.7%4.7%
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