Millward, MN Economy


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United States / Minnesota / No Metro Area / Aitkin County / Millward / Zip Codes
Millward, MN is a small town located in the United States. It has a population of less than 10,000 people and offers a comfortable and affordable lifestyle. The average rental rate for two-bedroom apartments is $900 - significantly lower than the national average rent of $1,430. Additionally, grocery costs are almost 4% lower than other parts of the US with an index score of 96. Millward is home to several companies including Millward Auto Repair, Millward Supermarket and Home Depot. The town also provides excellent educational facilities as well as recreational activities such as golfing and camping. All in all, Millward is an ideal place to live for those looking for an affordable yet comfortable lifestyle.

Millward has an unemployment rate of 7.1%. The US average is 6.0%.

Millward has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.

Tax Rates for Millward
- The Sales Tax Rate for Millward is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Millward 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 Millward
- The average income of a Millward resident is $26,034 a year. The US average is $37,638 a year.
- The Median household income of a Millward resident is $48,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMillward, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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