Magnolia, Minnesota 

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United States / Minnesota / No Metro Area / Rock County / Magnolia / Zip Codes
MN Gifts

Economy in Magnolia, Minnesota

Magnolia has an unemployment rate of 2.7%. The US average is 6.0%.

Magnolia has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.

Tax Rates for Magnolia
- The Sales Tax Rate for Magnolia is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Magnolia 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 Magnolia
- The average income of a Magnolia resident is $20,020 a year. The US average is $28,555 a year.
- The Median household income of a Magnolia resident is $41,667 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYMagnolia, MinnesotaUnited States
  2.7%6.0%
  2.1%-6.2%
  27.3%33.5%
  6.9%6.2%
  7.1%4.6%
  $21,462$31,177
  $45,938$57,652
  $52,188$70,850
  POPULATION BY OCCUPATION
  5.0%1.3%
  0.0%0.6%
  5.8%6.2%
  22.5%10.4%
  5.8%2.7%
  16.7%11.6%
  2.5%4.1%
  0.0%0.9%
  2.5%2.1%
  5.0%4.7%
  0.0%1.9%
  2.5%6.7%
  0.0%0.1%
  1.7%4.3%
  2.5%9.3%
  10.8%13.8%
  3.3%2.2%
  3.3%7.4%
  0.8%4.9%
  9.2%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    ZIP CODES IN MAGNOLIA, MINNESOTA
    56158


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