Culver, MN Economy


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Culver, MN is an idyllic small town located in the United States with a population of about 600 people. The cost of living in Culver is relatively low compared to the US-wide average; rent for two-bedroom apartments is nearly $190 cheaper here than the national average and the grocery cost index is 98 out of 100. The town features a few local companies such as Culver Feed & Grain, Culver Garden Center, and Culver Lumber & Hardware which contribute to the town's economy and provide employment opportunities for its citizens. Overall, Culver offers a peaceful life away from hustle and bustle of busy cities at an affordable cost.

Culver has an unemployment rate of 4.8%. The US average is 6.0%.

Culver has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Culver
- The Sales Tax Rate for Culver is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Culver 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 Culver
- The average income of a Culver resident is $23,038 a year. The US average is $28,555 a year.
- The Median household income of a Culver resident is $43,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCulver, MinnesotaUnited States
  4.86
  -4.0%-6.2%
  29.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $31,922$37,638
  $43,500$69,021
  $90,000$85,028
  Population by Occupation
  2.5%1.2%
  0.8%0.5%
  17.4%6.8%
  5.8%10.0%
  8.3%2.5%
  5.0%11.0%
  4.1%4.8%
  0.8%0.8%
  0.0%1.9%
  0.8%4.7%
  0.0%1.9%
  2.5%7.6%
  0.0%0.1%
  0.0%4.2%
  15.7%9.3%
  19.8%14.0%
  0.0%2.1%
  6.6%7.0%
  2.5%4.8%
  7.4%4.7%
Health
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