Nielsville, MN Economy


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Nielsville, MN is a small town located in the Midwest United States. It is an affordable place to live, with a two bedroom rent of only $830 compared to the US average of $1,430. It also has a low grocery cost index of 94 compared to the US average of 100. The town offers plenty of local amenities, including restaurants, shops, and cultural activities. Popular local companies include Nielsen's Hardware Store, Nielsville Auto Repair, and Nielsville Pet Supply. There are also many outdoor recreation activities for those looking to enjoy nature such as camping and fishing at nearby lakes and rivers.

Nielsville has an unemployment rate of 4.9%. The US average is 6.0%.

Nielsville has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.

Tax Rates for Nielsville
- The Sales Tax Rate for Nielsville is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Nielsville 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 Nielsville
- The average income of a Nielsville resident is $23,831 a year. The US average is $28,555 a year.
- The Median household income of a Nielsville resident is $18,929 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNielsville, MinnesotaUnited States
  4.96
  -3.4%-6.2%
  24.2%33.5%
  7.1%6.2%
  7.1%4.6%
  $14,393$37,638
  $18,929$69,021
Family Median Income 85028
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