Kelsey, MN Economy


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Kelsey, MN is a small town located in the state of Minnesota. It is a great place to live, with affordable living costs and plenty of local businesses to enjoy. The average two-bedroom rent in Kelsey is $1,080, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index for Kelsey is 94 compared to 100 nationally. This makes it an affordable option for families and individuals alike. There are also plenty of local companies in Kelsey to enjoy such as Ford's Drugstore, Lefebvre Insurance Agency, Reindl Carpentry & Construction LLC, and Northern Lights Pizza & Pub. All these businesses offer high quality services for residents of Kelsey to take advantage of.

Kelsey has an unemployment rate of 4.8%. The US average is 6.0%.

Kelsey has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.

Tax Rates for Kelsey
- The Sales Tax Rate for Kelsey is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Kelsey 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 Kelsey
- The average income of a Kelsey resident is $28,656 a year. The US average is $28,555 a year.
- The Median household income of a Kelsey resident is $59,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKelsey, MinnesotaUnited States
  4.86
  -4.0%-6.2%
  29.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $28,570$37,638
  $59,583$69,021
  $62,604$85,028
  Population by Occupation
  2.2%1.2%
  4.3%0.5%
  13.0%6.8%
  17.4%10.0%
  13.0%2.5%
  0.0%11.0%
  0.0%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%
  6.5%9.3%
  10.9%14.0%
  0.0%2.1%
  10.9%7.0%
  4.3%4.8%
  17.4%4.7%
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