Grasston, MN Economy


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United States / Minnesota / No Metro Area / Kanabec County / Grasston / Zip Codes
Grasston, MN is a small town located in the United States. It is known for its rural lifestyle and attractive landscape. The town is home to several local businesses such as Grasston Grocery, Grasston Auto Repair, and Grasston Hardware. Living expenses such as rent are significantly lower than in other parts of the US; 2 bedroom rental in Grasston is $960 compared to $1430 nationally. Grocery costs are also considerably lower at 97 compared to 100 nationally. For those looking for a cost-effective lifestyle set amidst nature, Grasston could be an ideal place to call home.

Grasston has an unemployment rate of 8.8%. The US average is 6.0%.

Grasston has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.

Tax Rates for Grasston
- The Sales Tax Rate for Grasston is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Grasston 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 Grasston
- The average income of a Grasston resident is $17,532 a year. The US average is $28,555 a year.
- The Median household income of a Grasston resident is $68,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrasston, MinnesotaUnited States
  8.86
  -1.8%-6.2%
  31.1%33.5%
  6.9%6.2%
  7.1%4.6%
  $29,772$37,638
  $68,750$69,021
  $66,500$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  12.9%6.8%
  21.4%10.0%
  2.9%2.5%
  7.1%11.0%
  1.4%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  11.4%4.2%
  10.0%9.3%
  12.9%14.0%
  5.7%2.1%
  4.3%7.0%
  4.3%4.8%
  5.7%4.7%
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