Mission Creek, MN is a rural community located in the Midwest. Despite its small population of just 10,000 people, it boasts a vibrant economy and diverse business opportunities. The city offers affordable housing options with two bedroom rents for $1,020 compared to the national average of $1,430. The grocery cost index for Mission Creek is also lower than the national average at 96 versus 100.
The town is home to several major companies such as Johnson Industries, Hansen Financial Services, and Wolfram Logistics. Businesses in the area benefit from strong consumer spending power thanks to Mission Creek's high median income and low local unemployment rate. Johnson Industries supplies medical equipment for hospitals across the state while Hansen Financial Services offers a wide array of financial services for businesses and individuals alike. Wolfram Logistics provides transportation services across the country as well as warehousing and cargo loading services for local businesses.
Mission Creek has an unemployment rate of 7.7%. The US average is 6.0%.
Mission Creek has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Mission Creek
- The Sales Tax Rate for Mission Creek is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Mission Creek 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 Mission Creek
- The average income of a Mission Creek resident is $17,955 a year. The US average is $28,555 a year.
- The Median household income of a Mission Creek resident is $43,409 a year. The US average is $69,021 a year.