Kragero, MN Economy


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United States / Minnesota / No Metro Area / Chippewa County / Kragero / Zip Codes
Kragero, MN is a great place to live with a variety of amenities. The cost of living is much lower than the US average, with 2 bedroom rent at $740 compared to $1,430 nationwide. Grocery costs are also lower in Kragero, with an index that's 91 compared to 100 in the US. This makes it an affordable place for families and individuals alike. The town has many local businesses and attractions to explore, such as the Kragero Museum which offers a unique look into the local history. There are also several shopping options here including Wal-Mart, Target, and Best Buy. For outdoor enthusiasts there is plenty of hiking opportunities at nearby Lake Emma or fishing at Lake Annabelle. With so much to offer it's no wonder Kragero is such a popular destination for visitors and residents alike.

Kragero has an unemployment rate of 4.4%. The US average is 6.0%.

Kragero has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.

Tax Rates for Kragero
- The Sales Tax Rate for Kragero is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kragero 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 Kragero
- The average income of a Kragero resident is $49,813 a year. The US average is $37,638 a year.
- The Median household income of a Kragero resident is $86,667 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKragero, MinnesotaUnited States
  Population by Occupation
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