Wiscoy, MN Economy


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Wiscoy, MN is a city located in the southern part of the state. It's a small community but it offers many great amenities. The rent for a two bedroom apartment is significantly lower than the US average and the cost of groceries is also quite low with an index of 96 versus 100 for the US. Additionally, there are many local attractions to explore such as the Wiscoy Lake National Park, Riverside Golf Course, and Wiscoy Country Club. There are also several local businesses like Magic Express Transportation, Wiscoy Inn and Suites, and J&M Automotive that offer excellent services to locals.

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

Wiscoy 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 Wiscoy
- The Sales Tax Rate for Wiscoy is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Wiscoy 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 Wiscoy
- The average income of a Wiscoy resident is $28,434 a year. The US average is $28,555 a year.
- The Median household income of a Wiscoy resident is $93,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWiscoy, MinnesotaUnited States
  3.76
  -3.5%-6.2%
  24.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $37,699$37,638
  $93,750$69,021
  $96,250$85,028
  Population by Occupation
  32.2%1.2%
  0.0%0.5%
  7.3%6.8%
  6.8%10.0%
  2.3%2.5%
  12.4%11.0%
  3.4%4.8%
  0.0%0.8%
  0.6%1.9%
  4.0%4.7%
  1.1%1.9%
  7.3%7.6%
  0.0%0.1%
  1.7%4.2%
  7.9%9.3%
  8.5%14.0%
  0.0%2.1%
  0.0%7.0%
  4.0%4.8%
  0.6%4.7%
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