Great Bend, MN Economy


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United States / Minnesota / No Metro Area / Cottonwood County / Great Bend / Zip Codes
Great Bend, MN is a small town located in the United States. It has a population of about 4,000 people. The cost of living is relatively low compared to the national average, with 2 Bedroom rental rates at $830 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Great Bend is 94 versus 100 in the US. The area offers many local businesses such as Great Bend Automotive & Tire Center, Nelson Construction & Landscaping Inc., and Bentley's Hardware & Repair LLC for residents to enjoy and support. Great Bend also provides plenty of activities such as fishing, camping, biking trails and more for locals to take part in during their free time.

Great Bend has an unemployment rate of 4.1%. The US average is 6.0%.

Great Bend has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.

Tax Rates for Great Bend
- The Sales Tax Rate for Great Bend is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Great Bend 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 Great Bend
- The average income of a Great Bend resident is $27,262 a year. The US average is $28,555 a year.
- The Median household income of a Great Bend resident is $65,625 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGreat Bend, MinnesotaUnited States
  4.16
  4.8%-6.2%
  12.8%33.5%
  6.9%6.2%
  7.1%4.6%
  $34,668$37,638
  $65,625$69,021
  $83,333$85,028
  Population by Occupation
  3.2%1.2%
  0.0%0.5%
  7.7%6.8%
  10.3%10.0%
  0.6%2.5%
  5.2%11.0%
  3.2%4.8%
  0.6%0.8%
  1.3%1.9%
  25.2%4.7%
  2.6%1.9%
  0.6%7.6%
  0.0%0.1%
  4.5%4.2%
  5.2%9.3%
  4.5%14.0%
  0.0%2.1%
  10.3%7.0%
  10.3%4.8%
  4.5%4.7%
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