Wheatland, MN Economy


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Wheatland, MN is a small town nestled in the heart of Minnesota. It has a population of around 2,000 people and is known for its quiet atmosphere and friendly community. The average rent for a two-bedroom apartment is $1,240 which is much lower than the national average of $1,430. Additionally, it has an attractive grocery cost index rating of 101 versus 100 in the US.
Local companies in Wheatland include Twin Cities Premium Meats, Inc., Moondance Boutique & Gifts and Dutch Country Market. Twin Cities Premium Meats offers high-quality meat products for sale both locally and nationally. Moondance Boutique & Gifts specializes in unique gift items from art prints to home decor. Lastly, Dutch Country Market offers fresh produce and other groceries at competitive prices.

Wheatland has an unemployment rate of 4.2%. The US average is 6.0%.

Wheatland has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.

Tax Rates for Wheatland
- The Sales Tax Rate for Wheatland is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Wheatland 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 Wheatland
- The average income of a Wheatland resident is $31,150 a year. The US average is $28,555 a year.
- The Median household income of a Wheatland resident is $85,417 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWheatland, MinnesotaUnited States
  4.26
  -2.2%-6.2%
  37.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $38,443$37,638
  $85,417$69,021
  $93,438$85,028
  Population by Occupation
  7.9%1.2%
  0.0%0.5%
  11.3%6.8%
  12.4%10.0%
  1.7%2.5%
  7.8%11.0%
  4.8%4.8%
  0.0%0.8%
  0.5%1.9%
  2.9%4.7%
  3.6%1.9%
  2.2%7.6%
  0.0%0.1%
  4.0%4.2%
  8.5%9.3%
  15.5%14.0%
  2.6%2.1%
  4.2%7.0%
  3.9%4.8%
  6.2%4.7%
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