Itasca, MN Economy


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United States / Minnesota / No Metro Area / Clearwater County / Itasca / Zip Codes
Itasca, MN is a great place to live with a low cost of living. The average rent for a two-bedroom apartment is only $850, while the US average is $1,430. Groceries are also inexpensive in Itasca, with the cost index at 95 compared to 100 in the rest of the US.
Itasca is home to several iconic companies such as Erickson Manufacturing Company and Jostens Inc. Residents can enjoy all that Itasca has to offer with attractions such as Grandview Park, Gull Lake Beach, and Itasca State Park. There are plenty of activities available year-round for visitors and locals alike such as festivals and outdoor sports. Whether you’re looking for an affordable place to live or just a nice getaway, Itasca is sure to please!

Itasca has an unemployment rate of 8.7%. The US average is 6.0%.

Itasca has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.

Tax Rates for Itasca
- The Sales Tax Rate for Itasca is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Itasca 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 Itasca
- The average income of a Itasca resident is $23,983 a year. The US average is $37,638 a year.
- The Median household income of a Itasca resident is $63,636 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyItasca, MinnesotaUnited States
  8.76
  -0.4%-6.2%
  23.2%33.5%
  6.9%6.2%
  7.1%4.6%
  $23,983$37,638
  $63,636$69,021
  $64,205$85,028
  Population by Occupation
  3.3%1.2%
  0.0%0.5%
  30.0%6.8%
  6.7%10.0%
  0.0%2.5%
  6.7%11.0%
  3.3%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%
  0.0%4.2%
  5.0%9.3%
  16.7%14.0%
  5.0%2.1%
  1.7%7.0%
  3.3%4.8%
  18.3%4.7%
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