Vail, MN Economy


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United States / Minnesota / No Metro Area / Redwood County / Vail / Zip Codes
Vail, MN is a small town located in Nicollet County that offers a variety of amenities and services for its residents. One of the attractions of living in Vail is that it is quite affordable. The median 2 bedroom rent in Vail is $820, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Vail is 96 versus 100 in the US which means that groceries are relatively cheaper when compared to other areas. Residents of Vail can enjoy local restaurants such as 'The Pleasant Tap' and 'Coffee Time', as well as have access to quality healthcare services provided by 'Affinity Medical Clinic'. All in all, Vail provides an attractive option for people seeking an affordable place to live.

Vail has an unemployment rate of 5.5%. The US average is 6.0%.

Vail has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.

Tax Rates for Vail
- The Sales Tax Rate for Vail is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Vail 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 Vail
- The average income of a Vail resident is $34,328 a year. The US average is $28,555 a year.
- The Median household income of a Vail resident is $91,667 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyVail, MinnesotaUnited States
  5.56
  0.4%-6.2%
  5.0%33.5%
  6.9%6.2%
  7.1%4.6%
  $33,017$37,638
  $91,667$69,021
  $98,750$85,028
  Population by Occupation
  24.0%1.2%
  0.0%0.5%
  4.8%6.8%
  5.8%10.0%
  3.8%2.5%
  13.5%11.0%
  5.8%4.8%
  0.0%0.8%
  1.0%1.9%
  2.9%4.7%
  0.0%1.9%
  1.9%7.6%
  0.0%0.1%
  1.0%4.2%
  19.2%9.3%
  6.7%14.0%
  0.0%2.1%
  2.9%7.0%
  1.9%4.8%
  4.8%4.7%
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