Butterfield, MN Economy


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United States / Minnesota / No Metro Area / Watonwan County / Butterfield / Zip Codes
Butterfield, MN is a great place to live and work. With a small population of only a few thousand people, Butterfield has plenty of local businesses to choose from. This includes stores like the Butterfield Grocery Store, Big Star Supermarket, and Smith's Pharmacy. The average 2 bedroom rent in Butterfield is $840 per month, which is far lower than the US average at $1,430 per month. Additionally, the grocery cost index in Butterfield is 95 while it is 100 on an average nationally. This makes Butterfield an attractive choice for many looking for a place to call home.

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

Butterfield has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.

Tax Rates for Butterfield
- The Sales Tax Rate for Butterfield is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Butterfield 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 Butterfield
- The average income of a Butterfield resident is $23,259 a year. The US average is $37,638 a year.
- The Median household income of a Butterfield resident is $57,813 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyButterfield, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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