Charlestown, MN Economy


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United States / Minnesota / No Metro Area / Redwood County / Charlestown / Zip Codes
Charlestown, MN is a small city located in the southwestern part of the state. The community has a variety of local businesses that serve residents’ needs including grocery stores, hardware stores, fitness centers, and restaurants. Charlestown has an estimated population of 12,000 people according to 2017 census data. Here are some other interesting facts about this town:
1. The median home price is $175,000 \n2. The median household income is $51,711 \n3. Unemployment rate is below 5% \n4. Average commute time for workers is 14 minutes \n5. Public schooling options consist of 3 elementary schools and 1 high school

Charlestown has an unemployment rate of 5.5%. The US average is 6.0%.

Charlestown has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.

Tax Rates for Charlestown
- The Sales Tax Rate for Charlestown is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Charlestown 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 Charlestown
- The average income of a Charlestown resident is $33,339 a year. The US average is $37,638 a year.
- The Median household income of a Charlestown resident is $73,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCharlestown, MinnesotaUnited States
  5.56
  0.4%-6.2%
  5.0%33.5%
  6.9%6.2%
  7.1%4.6%
  $33,339$37,638
  $73,000$69,021
  $75,417$85,028
  Population by Occupation
  26.3%1.2%
  0.0%0.5%
  3.2%6.8%
  9.5%10.0%
  1.1%2.5%
  7.4%11.0%
  6.3%4.8%
  0.0%0.8%
  0.0%1.9%
  4.2%4.7%
  0.0%1.9%
  1.1%7.6%
  0.0%0.1%
  0.0%4.2%
  17.9%9.3%
  12.6%14.0%
  3.2%2.1%
  2.1%7.0%
  3.2%4.8%
  2.1%4.7%
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