Augusta, MN Economy


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Augusta, MN is a small town located in Minnesota's Stearns County. It has a population of fewer than 400 people, making it an intimate and tight-knit community. The rent for two bedroom homes in Augusta is approximately $730 per month, while the US average for the same is around $1,430 per month. Additionally, the grocery cost index in Augusta is much lower than the national average; at 91 compared to 100 respectively.
The town of Augusta is home to several local businesses such as Quality Car Care, Albrecht Solutions LLC and Dunbar Construction. One unique feature of this small town is that it has its own cultural center which hosts events such as concerts and shows. This provides residents with easy access to entertainment options without having to travel far distances.

Augusta has an unemployment rate of 4.5%. The US average is 6.0%.

Augusta has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.

Tax Rates for Augusta
- The Sales Tax Rate for Augusta is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Augusta 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 Augusta
- The average income of a Augusta resident is $30,780 a year. The US average is $28,555 a year.
- The Median household income of a Augusta resident is $73,438 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAugusta, MinnesotaUnited States
  4.56
  -1.3%-6.2%
  10.0%33.5%
  6.9%6.2%
  7.1%4.6%
  $31,827$37,638
  $73,438$69,021
  $75,000$85,028
  Population by Occupation
  14.7%1.2%
  0.0%0.5%
  2.9%6.8%
  14.7%10.0%
  0.0%2.5%
  26.5%11.0%
  8.8%4.8%
  0.0%0.8%
  5.9%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  26.5%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  0.0%4.7%
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