Douglas, MN Economy


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Douglas, MN is a small town located in the state of Minnesota. It has an affordable cost of living, with a median two-bedroom rental rate of $1,220 compared to the US average of $1,430. Grocery costs are also slightly lower than those found across the US, as measured by an index of 101 in Douglas versus 100 for the nation overall. For those looking to settle down in a small town atmosphere, Douglas offers plenty to explore and enjoy. Locals can take advantage of nearby attractions such as Lake Carlos State Park or the historic house tours at the Alexander Ramsey House Museum. Those looking for work can find employment at local businesses such as Villard Manufacturing or Quality Finishing Services Inc.

Douglas has an unemployment rate of 4.1%. The US average is 6.0%.

Douglas has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.

Tax Rates for Douglas
- The Sales Tax Rate for Douglas is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Douglas 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 Douglas
- The average income of a Douglas resident is $41,507 a year. The US average is $37,638 a year.
- The Median household income of a Douglas resident is $93,333 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDouglas, 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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