Staples, MN Economy


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United States / Minnesota / No Metro Area / Todd County / Staples / Zip Codes
Staples, MN is a small town in Central Minnesota with a population of around 2,600. It is known for its affordable living and excellent amenities. The rent for a two bedroom apartment in Staples is just $850, which is much less than the national average of $1,430. The local grocery cost index is also lower than the national average at 94 compared to 100. Staples has a range of local companies including Staples Heating and Air Conditioning, Pristine Carpet Cleaning, and Gullickson Auto Sales, all offering quality services to residents.

Staples has an unemployment rate of 5.4%. The US average is 6.0%.

Staples 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 35.6%, which is higher than the US average of 33.5%.

Tax Rates for Staples
- The Sales Tax Rate for Staples is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Staples 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 Staples
- The average income of a Staples resident is $20,175 a year. The US average is $28,555 a year.
- The Median household income of a Staples resident is $39,113 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyStaples, MinnesotaUnited States
  5.46
  0.8%-6.2%
  35.6%33.5%
  7.4%6.2%
  7.1%4.6%
  $21,762$37,638
  $39,113$69,021
  $55,972$85,028
  Population by Occupation
  2.9%1.2%
  0.0%0.5%
  4.2%6.8%
  20.3%10.0%
  2.4%2.5%
  15.1%11.0%
  3.6%4.8%
  0.0%0.8%
  0.0%1.9%
  0.8%4.7%
  0.0%1.9%
  2.0%7.6%
  0.0%0.1%
  0.7%4.2%
  4.0%9.3%
  25.0%14.0%
  4.2%2.1%
  5.3%7.0%
  4.2%4.8%
  5.3%4.7%
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