Mantrap, MN Economy


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United States / Minnesota / No Metro Area / Hubbard County / Mantrap / Zip Codes
Mantrap, MN is a small rural town located in northwest Minnesota. The population of the town is relatively low compared to other places in the US; however, it has a few unique features that set it apart from many other towns. For example, the two bedroom rent for this town is much lower than the national average of $1,430 per month; at only $950 per month it is an attractive option for those looking to move to a charming rural setting. Furthermore, groceries in Mantrap are slightly cheaper than the US average; with a grocery cost index of 99 versus 100 on average nationally.
In terms of what Mantrap has to offer, there are several local companies that contribute to the economy and provide employment opportunities for its residents. These include Peterson Distributing Company which specializes in wholesale beverage distribution, Anderson Manufacturing which produces custom metal products and Pioneer Machine Works which sells machine tools and precision parts. Other businesses that help keep the local economy moving forward include B & G Auto Sales & Service and Petermann's Bakery & Cafe.
Overall Mantrap is a great place to call home due to its low cost of living and friendly atmosphere. It may not have as many amenities as some larger cities but its charm lies in its simplicity and laid back lifestyle - something that can be hard to find in urban areas today. Additionally, while rental prices and grocery costs are lower than the national averages this does not mean locals have to sacrifice quality or convenience - with multiple local businesses providing services right at their doorstep they can enjoy all aspects of modern living without having to pay too much.

Mantrap has an unemployment rate of 6.1%. The US average is 6.0%.

Mantrap has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.

Tax Rates for Mantrap
- The Sales Tax Rate for Mantrap is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Mantrap 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 Mantrap
- The average income of a Mantrap resident is $35,882 a year. The US average is $37,638 a year.
- The Median household income of a Mantrap resident is $73,417 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMantrap, MinnesotaUnited States
  Population by Occupation
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