Western, MN Economy


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Western, MN is a small town nestled in the heartland of America. It is known for its strong sense of community and affordability. Local companies such as Western Bank and Lumber Yard Supply offer great services to support the community. The cost of living in Western, MN is relatively low compared to other parts of the United States. Rent for a two-bedroom apartment is around $840 per month while groceries have an index of 95 compared to 100 in the US. Overall, Western, MN is a great place for families or individuals looking for a safe and affordable place to live.

Western has an unemployment rate of 5.3%. The US average is 6.0%.

Western has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.

Tax Rates for Western
- The Sales Tax Rate for Western is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Western 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 Western
- The average income of a Western resident is $18,533 a year. The US average is $28,555 a year.
- The Median household income of a Western resident is $88,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWestern, MinnesotaUnited States
  5.36
  -1.0%-6.2%
  34.5%33.5%
  7.4%6.2%
  7.1%4.6%
  $34,884$37,638
  $88,125$69,021
  $91,250$85,028
  Population by Occupation
  18.2%1.2%
  0.0%0.5%
  36.4%6.8%
  9.1%10.0%
  0.0%2.5%
  3.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  6.1%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  6.1%9.3%
  6.1%14.0%
  0.0%2.1%
  0.0%7.0%
  6.1%4.8%
  9.1%4.7%
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