Kerrick, MN Economy


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United States / Minnesota / No Metro Area / Pine County / Kerrick / Zip Codes
Kerrick, MN is a small town located in Pine County. It has a population of around 650 people making it the perfect place to get away from the hustle and bustle of city life. The cost of living is quite low with 2 bedroom rent in Kerrick being $1,060 compared to $1,430 in the US. Grocery Cost Index in Kerrick is also lower than that of the US at 98 versus 100. There are many local businesses such as Kerrick Woods Cafe, Kerrick Country Store & Hardware, and The Gun Shop to name a few. In addition to these local businesses, Kerrick offers many recreational activities such as hiking trails, fishing spots, and other outdoor activities.

Kerrick has an unemployment rate of 7.7%. The US average is 6.0%.

Kerrick has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.

Tax Rates for Kerrick
- The Sales Tax Rate for Kerrick is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Kerrick 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 Kerrick
- The average income of a Kerrick resident is $24,925 a year. The US average is $28,555 a year.
- The Median household income of a Kerrick resident is $57,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKerrick, MinnesotaUnited States
  7.76
  -6.3%-6.2%
  28.8%33.5%
  7.4%6.2%
  7.1%4.6%
  $29,660$37,638
  $57,500$69,021
  $56,250$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  41.7%10.0%
  0.0%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  8.3%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  0.0%14.0%
  0.0%2.1%
  0.0%7.0%
  25.0%4.8%
  25.0%4.7%
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