Norcross, MN Economy


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United States / Minnesota / No Metro Area / Grant County / Norcross / Zip Codes
Norcross, MN is a small town located in the heart of Minnesota. It is home to a variety of businesses, ranging from restaurants to retail stores. Rent for a two bedroom apartment in Norcross is surprisingly affordable at $850, much lower than the nationwide average of $1,430. Additionally, the grocery cost index in Norcross is 94, which is 6 points lower than the US average. The local economy of Norcross includes companies such as Farmer's Country Market, Main Street Pizza and Subs, and Creative Stitches Embroidery & Gifts Co., just to name a few. Overall, Norcross has an excellent economy with an array of stores and businesses that provide many employment opportunities for its residents.

Norcross has an unemployment rate of 5.4%. The US average is 6.0%.

Norcross has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.

Tax Rates for Norcross
- The Sales Tax Rate for Norcross is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Norcross 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 Norcross
- The average income of a Norcross resident is $55,674 a year. The US average is $37,638 a year.
- The Median household income of a Norcross resident is $86,875 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorcross, 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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