Edgerton, MN is a small town located in Minnesota. It has a population of just over 1,000 people and the cost of living is quite affordable. The 2 bedroom rent of $950 in Edgerton is substantially cheaper than the US average of $1,430. Additionally, the grocery cost index in Edgerton is 96 compared to 100 in the US. This indicates that groceries are slightly cheaper in Edgerton than they are throughout most of the country. Local businesses established in Edgerton include Edgerton Lumber Co., Giese Insurance Agency, and K&J Repair LLC. These companies offer services that greatly benefit the residents of Edgerton and contribute to its local economy.
Edgerton has an unemployment rate of 5.1%. The US average is 6.0%.
Edgerton has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Edgerton
- The Sales Tax Rate for Edgerton is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Edgerton 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 Edgerton
- The average income of a Edgerton resident is $23,092 a year. The US average is $28,555 a year.
- The Median household income of a Edgerton resident is $58,261 a year. The US average is $69,021 a year.