Red Eye, MN Economy


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United States / Minnesota / No Metro Area / Wadena County / Red Eye / Zip Codes
Red Eye, MN is a quaint town located in the Midwest of the United States. It offers a low cost lifestyle for its residents, with two bedroom rentals costing an average of $890 compared to the US average of $1,430. Groceries in Red Eye are also more affordable than the US average, with a Grocery Cost Index of 94 versus 100. There are many great local companies in town that offer fantastic products at great prices. For example, Jones Butcher Shop sells quality cuts of meat at reasonable prices and The Corner Store carries all your everyday needs for a fraction of major supermarket prices. Red Eye is an ideal place to live for those looking for an affordable lifestyle.

Red Eye has an unemployment rate of 6.9%. The US average is 6.0%.

Red Eye has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 4.3%, which is lower than the US average of 33.5%.

Tax Rates for Red Eye
- The Sales Tax Rate for Red Eye is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Red Eye 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 Red Eye
- The average income of a Red Eye resident is $23,210 a year. The US average is $37,638 a year.
- The Median household income of a Red Eye resident is $60,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRed Eye, MinnesotaUnited States
  6.96
  0.0%-6.2%
  4.3%33.5%
  7.4%6.2%
  7.1%4.6%
  $23,210$37,638
  $60,000$69,021
  $62,321$85,028
  Population by Occupation
  3.5%1.2%
  0.0%0.5%
  13.8%6.8%
  14.2%10.0%
  2.8%2.5%
  6.7%11.0%
  4.3%4.8%
  6.3%0.8%
  2.4%1.9%
  8.3%4.7%
  0.0%1.9%
  2.8%7.6%
  0.0%0.1%
  2.4%4.2%
  9.1%9.3%
  13.8%14.0%
  0.0%2.1%
  4.7%7.0%
  3.2%4.8%
  2.0%4.7%
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