Stewart, MN Economy


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Stewart, MN is a small town located in McLeod county. It has a friendly and close-knit community with many local businesses that residents can frequent. The cost of living in Stewart is much lower than the average in the US, with 2 bedroom rents at $870 compared to $1,430 nationally and a grocery cost index of 95 compared to 100 for the US. Businesses include Butch's Bar & Grill, K&K Taxidermy, Pangburn Electric and Moeller Long Arm Quilting. Thus, Stewart is an ideal place for those looking for an affordable yet comfortable place to live with easy access to local services.

Stewart has an unemployment rate of 5.1%. The US average is 6.0%.

Stewart has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.

Tax Rates for Stewart
- The Sales Tax Rate for Stewart is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Stewart 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 Stewart
- The average income of a Stewart resident is $25,390 a year. The US average is $37,638 a year.
- The Median household income of a Stewart resident is $50,536 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyStewart, 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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