London, Minnesota 

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Economy in London, Minnesota

London has an unemployment rate of 3.6%. The US average is 3.7%.

London 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 22.6%, which is lower than the US average of 33.5%.

Tax Rates for London
- The Sales Tax Rate for London is 7.9%. The US average is 7.3%.
- The Income Tax Rate for London 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 London
- The average income of a London resident is $32,686 a year. The US average is $28,555 a year.
- The Median household income of a London resident is $64,375 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYLondon, MinnesotaUnited States
  3.6%3.7%
  -0.4%1.6%
  22.6%33.5%
  7.4%6.2%
  7.1%4.6%
  $48,807$31,177
  $58,882$57,652
  $65,000$70,850
  POPULATION BY OCCUPATION
  15.8%1.3%
  0.0%0.6%
  6.2%6.2%
  25.4%10.4%
  3.4%2.7%
  8.5%11.6%
  4.0%4.1%
  0.0%0.9%
  2.3%2.1%
  1.7%4.7%
Real estate, rental, leasing0.0%1.9%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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