Springdale, MN Economy


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United States / Minnesota / No Metro Area / Redwood County / Springdale / Zip Codes
Springdale, MN is a great place to live for those looking for more affordable living options. Rent for a two-bedroom apartment here is almost half the cost of the national average, at $770 compared to $1,430 in the US. Additionally, grocery costs are even lower than the national index of 100; Springdale's grocery cost index is 93. The city of Springdale has plenty of local businesses to explore like Java Joe Coffee Shop, Carson's Family Restaurant, and Rockford Pharmacy that offer locals unique shopping experiences.

Springdale has an unemployment rate of 5.5%. The US average is 6.0%.

Springdale has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.

Tax Rates for Springdale
- The Sales Tax Rate for Springdale is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Springdale 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 Springdale
- The average income of a Springdale resident is $37,878 a year. The US average is $37,638 a year.
- The Median household income of a Springdale resident is $76,875 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpringdale, 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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