Sodus, MN Economy


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Sodus, MN is a small town with a population of just over 1000 people. It is located in Goodhue County and is known for its thriving agriculture industry. Local companies include Sodus Farms, Red Barn Trusses, and the Sodus Farmers Co-op. The rent for two bedroom apartments in Sodus, MN is $840 compared to the national average of $1,430. Additionally, the grocery cost index in Sodus is 95 versus 100 in the US which makes it an economical place to live.

Sodus has an unemployment rate of 4.2%. The US average is 6.0%.

Sodus has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.

Tax Rates for Sodus
- The Sales Tax Rate for Sodus is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Sodus 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 Sodus
- The average income of a Sodus resident is $26,616 a year. The US average is $28,555 a year.
- The Median household income of a Sodus resident is $106,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySodus, MinnesotaUnited States
  4.26
  -2.4%-6.2%
  22.0%33.5%
  7.4%6.2%
  7.1%4.6%
  $44,982$37,638
  $106,250$69,021
  $113,750$85,028
  Population by Occupation
  4.4%1.2%
  0.0%0.5%
  12.4%6.8%
  1.5%10.0%
  4.4%2.5%
  28.5%11.0%
  0.7%4.8%
  0.0%0.8%
  2.2%1.9%
  4.4%4.7%
  0.0%1.9%
  2.2%7.6%
  0.0%0.1%
  4.4%4.2%
  6.6%9.3%
  11.7%14.0%
  0.7%2.1%
  2.2%7.0%
  7.3%4.8%
  6.6%4.7%
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