Beatty, MN Economy


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Beatty, MN is a small town located in Minnesota with a unique and charming atmosphere. It offers plenty of outdoor activities such as hiking, biking, kayaking, and fishing. Additionally, Beatty has a variety of local stores and restaurants that locals enjoy frequenting. Local businesses include Iron Horse Bar & Grill, The Grey Ghost Restaurant & Tavern, and Pickles Grocery Store. 2 bedroom rent in Beatty is $970 while the US 2 bedroom rent is $1,430. This makes living in Beatty much more affordable than the US average rent. Moreover, the grocery cost index for Beatty is 96 compared to 100 in the US which further highlights how economical it can be to live in this town.

Beatty has an unemployment rate of 4.8%. The US average is 6.0%.

Beatty 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 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Beatty
- The Sales Tax Rate for Beatty is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Beatty 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 Beatty
- The average income of a Beatty resident is $30,971 a year. The US average is $28,555 a year.
- The Median household income of a Beatty resident is $73,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBeatty, MinnesotaUnited States
  4.86
  -4.0%-6.2%
  29.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $46,292$37,638
  $73,125$69,021
  $81,094$85,028
  Population by Occupation
  1.9%1.2%
  0.0%0.5%
  13.1%6.8%
  5.6%10.0%
  2.8%2.5%
  7.5%11.0%
  0.9%4.8%
  0.0%0.8%
  6.5%1.9%
  13.1%4.7%
  0.9%1.9%
  3.7%7.6%
  0.0%0.1%
  0.0%4.2%
  13.1%9.3%
  10.3%14.0%
  1.9%2.1%
  2.8%7.0%
  15.0%4.8%
  0.9%4.7%
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