Ideal, Minnesota 

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Economy in Ideal, Minnesota

Ideal has an unemployment rate of 3.8%. The US average is 3.9%.

Ideal has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.

Tax Rates for Ideal
- The Sales Tax Rate for Ideal is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ideal 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 Ideal
- The average income of a Ideal resident is $35,386 a year. The US average is $28,555 a year.
- The Median household income of a Ideal resident is $60,000 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYIdeal, MinnesotaUnited States
  3.3%3.7%
  5.1%1.6%
  42.5%33.5%
  7.4%6.2%
  7.1%4.6%
  $39,526$31,177
  $52,336$57,652
  $64,375$70,850
  POPULATION BY OCCUPATION
  0.0%1.3%
  0.0%0.6%
  8.2%6.2%
  7.7%10.4%
  2.2%2.7%
  9.9%11.6%
  2.0%4.1%
  1.8%0.9%
  2.0%2.1%
  4.9%4.7%
  1.3%1.9%
  5.1%6.7%
  0.0%0.1%
  5.5%4.3%
  5.7%9.3%
  10.8%13.8%
  4.2%2.2%
  23.6%7.4%
  4.4%4.9%
  0.7%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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