Blackduck, MN Economy


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Blackduck, MN is a small city with a population of about 1,500. It is located in Beltrami County and is home to several local businesses such as North American Lumber, ABC Motorcycle Parts, and First Bank of Blackduck. Compared to the rest of the US, Blackduck offers lower rental costs for two bedroom apartments at around $1,050 per month while the national average stands at $1,430 per month. Additionally, grocery prices are also lower in Blackduck than most other places in the US with a Grocery Cost Index score of 93 versus 100 nationwide.

Blackduck has an unemployment rate of 5.1%. The US average is 6.0%.

Blackduck has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.

Tax Rates for Blackduck
- The Sales Tax Rate for Blackduck is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Blackduck 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 Blackduck
- The average income of a Blackduck resident is $16,216 a year. The US average is $28,555 a year.
- The Median household income of a Blackduck resident is $33,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBlackduck, MinnesotaUnited States
  5.16
  -0.2%-6.2%
  29.5%33.5%
  7.4%6.2%
  7.1%4.6%
  $19,761$37,638
  $33,750$69,021
  $42,500$85,028
  Population by Occupation
  2.1%1.2%
  0.0%0.5%
  0.0%6.8%
  23.8%10.0%
  5.7%2.5%
  14.2%11.0%
  1.5%4.8%
  1.5%0.8%
  0.0%1.9%
  6.6%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.6%4.2%
  16.0%9.3%
  7.2%14.0%
  2.1%2.1%
  4.8%7.0%
  1.8%4.8%
  12.0%4.7%
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