Ben Wade, MN Economy


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United States / Minnesota / No Metro Area / Pope County / Ben Wade / Zip Codes
Ben Wade, MN is an affordable place to live with a low cost of living. The average rent for a two-bedroom apartment in Ben Wade, MN is $920, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Ben Wade is 99 compared to 100 in the US. Local businesses that contribute to the area’s economy include high-tech companies such as Nordic Semiconductor USA Inc., but also local builders and craftsmen such as JB Construction and Dan's Woodworking. All these businesses combined make it possible for Ben Wade to maintain its relatively low cost of living while providing residents with useful services and job opportunities.

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

Ben Wade has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.

Tax Rates for Ben Wade
- The Sales Tax Rate for Ben Wade is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ben Wade 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 Ben Wade
- The average income of a Ben Wade resident is $36,845 a year. The US average is $37,638 a year.
- The Median household income of a Ben Wade resident is $102,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBen Wade, MinnesotaUnited States
  4.56
  -1.6%-6.2%
  29.1%33.5%
  6.9%6.2%
  7.1%4.6%
  $36,845$37,638
  $102,750$69,021
  $110,625$85,028
  Population by Occupation
  29.8%1.2%
  0.0%0.5%
  6.9%6.8%
  19.8%10.0%
  3.1%2.5%
  2.3%11.0%
  5.3%4.8%
  0.0%0.8%
  3.1%1.9%
  3.8%4.7%
  0.0%1.9%
  1.5%7.6%
  0.0%0.1%
  1.5%4.2%
  3.1%9.3%
  7.6%14.0%
  0.0%2.1%
  3.1%7.0%
  4.6%4.8%
  4.6%4.7%
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