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.