Hassan Valley, MN Economy


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Hassan Valley, MN is a great affordable place to live. The average two bedroom rent stands at $840 which is significantly lower than the US average of $1,430. Further, groceries are cheaper in Hassan Valley as compared to the US based on a grocery cost index of 98 versus 100. In terms of local businesses, Hassan Valley is home to some well-known companies such as Hassan Valley Bank, Stoney Creek Farm Supply Store and The Veggie Delight restaurant among others. There are also several shopping malls and parks that make it an ideal place for locals and visitors alike.

Hassan Valley has an unemployment rate of 5.1%. The US average is 6.0%.

Hassan Valley has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.

Tax Rates for Hassan Valley
- The Sales Tax Rate for Hassan Valley is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hassan Valley 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 Hassan Valley
- The average income of a Hassan Valley resident is $30,176 a year. The US average is $28,555 a year.
- The Median household income of a Hassan Valley resident is $92,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHassan Valley, MinnesotaUnited States
  5.16
  -2.5%-6.2%
  19.8%33.5%
  6.9%6.2%
  7.1%4.6%
  $38,586$37,638
  $92,500$69,021
  $111,250$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  4.9%6.8%
  21.7%10.0%
  0.5%2.5%
  14.0%11.0%
  2.8%4.8%
  1.3%0.8%
  1.8%1.9%
  2.6%4.7%
  0.0%1.9%
  2.8%7.6%
  0.0%0.1%
  1.6%4.2%
  5.7%9.3%
  21.4%14.0%
  3.6%2.1%
  3.6%7.0%
  0.5%4.8%
  7.8%4.7%
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