Gilmanton, MN Economy


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Gilmanton, MN is a small town located in North America. It is home to about one thousand people and is known for its friendly atmosphere and close-knit community. The cost of living in Gilmanton is relatively low compared to other towns, with 2 bedroom rent costing $1,230 and the grocery cost index clocking in at 97 versus 100 in the US. Local businesses thrive here, with companies such as Gilmanton Hardware Store and Gilmanton Bakery providing the town with essential services and goods. There are also several restaurants in the area offering a variety of cuisines from traditional American fare to Indian dishes. All of this makes Gilmanton an ideal place for those looking for a peaceful and affordable lifestyle.

Gilmanton has an unemployment rate of 6.1%. The US average is 6.0%.

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

Tax Rates for Gilmanton
- The Sales Tax Rate for Gilmanton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Gilmanton 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 Gilmanton
- The average income of a Gilmanton resident is $28,341 a year. The US average is $28,555 a year.
- The Median household income of a Gilmanton resident is $90,714 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGilmanton, MinnesotaUnited States
  6.16
  -2.4%-6.2%
  33.5%33.5%
  6.9%6.2%
  7.1%4.6%
  $35,404$37,638
  $90,714$69,021
  $96,875$85,028
  Population by Occupation
  5.7%1.2%
  0.0%0.5%
  13.0%6.8%
  13.9%10.0%
  8.6%2.5%
  5.5%11.0%
  4.5%4.8%
  0.9%0.8%
  0.0%1.9%
  2.5%4.7%
  1.1%1.9%
  3.2%7.6%
  0.0%0.1%
  8.9%4.2%
  6.1%9.3%
  17.0%14.0%
  0.0%2.1%
  0.7%7.0%
  4.8%4.8%
  3.6%4.7%
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