Carlton, MN Economy


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Carlton, MN is a small town located in the North of Minnesota. It is known for its low rent costs and low grocery cost index compared to the US average at large - 2 bedroom rent being $990 versus $1,430 and grocery cost index of 99 versus 100. The town boasts many local amenities including businesses such as the Carlton Country Club, CubeSmart Self Storage, and Carlton Food Market. The climate in the region is generally cold with average winter temperatures ranging from 10-20F and summer temperatures ranging from 40-70F.

Carlton has an unemployment rate of 5.3%. The US average is 6.0%.

Carlton has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.

Tax Rates for Carlton
- The Sales Tax Rate for Carlton is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Carlton 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 Carlton
- The average income of a Carlton resident is $28,671 a year. The US average is $37,638 a year.
- The Median household income of a Carlton resident is $49,485 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarlton, 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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