Farming, Minnesota 

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Economy in Farming, Minnesota

Farming has an unemployment rate of 3.0%. The US average is 3.7%.

Farming 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 33.8%, which is higher than the US average of 33.5%.

Tax Rates for Farming
- The Sales Tax Rate for Farming is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Farming 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 Farming
- The average income of a Farming resident is $25,176 a year. The US average is $28,555 a year.
- The Median household income of a Farming resident is $63,958 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYFarming, MinnesotaUnited States
  3.0%3.7%
  1.6%1.6%
  33.8%33.5%
  7.1%6.2%
  7.1%4.6%
  $27,349$31,177
  $80,294$57,652
  $87,188$70,850
  POPULATION BY OCCUPATION
  8.6%1.3%
  0.0%0.6%
  15.5%6.2%
  18.5%10.4%
  2.6%2.7%
  9.3%11.6%
  6.6%4.1%
  0.0%0.9%
  0.4%2.1%
  5.3%4.7%
Real estate, rental, leasing1.1%1.9%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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