Janesville, MN Economy


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United States / Minnesota / No Metro Area / Waseca County / Janesville / Zip Codes
Janesville, MN is a small, yet vibrant community located in the southeastern part of MN. It has a rich history dating back to the mid-1800s when it was founded as a manufacturing and farming hub. Janesville's current population is around 4,000 people and has seen consistent growth over the years. The city offers affordable rent with two bedroom apartments costing an average of $910 per month compared to the nationwide average of $1,430. Also, Janesville's grocery cost index is 96 versus the US index of 100, making it an ideal place for budget-minded shoppers.
Janesville boasts several local businesses including arts and crafts stores such as Creative Stitches & Crafts and Art Plus Gallery and Frame Shop; bakeries like Country Corner Bakery & Cafe; gift shops such as The Gift Horse; specialty markets like The Produce Place; pet supply stores like JT Pets & Supplies; car dealerships such as Janesville Ford Lincoln & Mercury; hardware stores like Anderson Building Center; outdoor outfitters such as Dakota Outdoors; restaurants like Misty's Bar & Grill; health care services such as Lakeview Medical Center; and even more.
In addition to its diverse business offerings, Janesville also offers plenty of entertainment options for residents to take advantage of. Local attractions include the White Water Park which features thrilling rides down its artificial rapids river ride and water slides as well as other recreational activities. There are also numerous parks that offer hiking trails, sports fields, playground equipment and picnic areas. Additionally, there are many annual events that highlight Janesville’s culture such as the yearly Harvest Festival which celebrates local cultures with food vendors, live music performances and craft booths. With so much to do in this small town setting Janesville is guaranteed to provide a memorable experience for all those who visit!

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

Janesville has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.

Tax Rates for Janesville
- The Sales Tax Rate for Janesville is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Janesville 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 Janesville
- The average income of a Janesville resident is $24,345 a year. The US average is $28,555 a year.
- The Median household income of a Janesville resident is $65,727 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyJanesville, MinnesotaUnited States
  66
  -1.9%-6.2%
  19.9%33.5%
  6.9%6.2%
  7.1%4.6%
  $29,735$37,638
  $65,727$69,021
  $66,964$85,028
  Population by Occupation
  3.0%1.2%
  0.0%0.5%
  3.5%6.8%
  20.1%10.0%
  1.9%2.5%
  17.1%11.0%
  4.6%4.8%
  0.5%0.8%
  1.9%1.9%
  2.5%4.7%
  0.6%1.9%
  3.7%7.6%
  0.0%0.1%
  1.1%4.2%
  12.3%9.3%
  18.2%14.0%
  1.1%2.1%
  3.0%7.0%
  1.6%4.8%
  3.3%4.7%
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