Wyandotte, MN Economy


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United States / Minnesota / No Metro Area / Pennington County / Wyandotte / Zip Codes
Wyandotte, MN is an attractive small town located in the Midwest. It has a lower cost of living than many other parts of the United States with 2 bedroom rental costs about $870 compared to the national average of $1,430. The Grocery Cost Index is 96 in Wyandotte versus 100 nationally. As such, it's an ideal place for families and individuals looking for a budget-friendly lifestyle. Wyandotte's strong economy is powered by several businesses rooted in the community including Red Wing Shoes, Anderson Windows & Doors, and Gopher Sport. These companies provide quality jobs for local residents and help drive economic growth in the area.

Wyandotte has an unemployment rate of 5.7%. The US average is 6.0%.

Wyandotte has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.

Tax Rates for Wyandotte
- The Sales Tax Rate for Wyandotte is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wyandotte 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 Wyandotte
- The average income of a Wyandotte resident is $21,205 a year. The US average is $28,555 a year.
- The Median household income of a Wyandotte resident is $58,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWyandotte, MinnesotaUnited States
  5.76
  -2.2%-6.2%
  19.9%33.5%
  6.9%6.2%
  7.1%4.6%
  $44,515$37,638
  $58,750$69,021
  $113,333$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.1%6.8%
  4.5%10.0%
  31.8%2.5%
  0.0%11.0%
  4.5%4.8%
  0.0%0.8%
  0.0%1.9%
  4.5%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  22.7%14.0%
  9.1%2.1%
  0.0%7.0%
  9.1%4.8%
  4.5%4.7%
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