Thomson, MN Economy


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Thomson township, MN is a great place to live with plenty of local amenities and activities to enjoy. The average two bedroom rent is $1,350 per month, making it more affordable than the US average of $1,430. The cost of groceries is also lower in Thomson township when compared to the US index of 100. In terms of local companies and amenities the area has plenty to offer with businesses such as Target, Walmart, SuperValu and Cub Foods providing a variety of goods and services. There are several parks for outdoor activities such as walking trails and fishing spots. Additionally there are art galleries as well as museums that provide educational experiences for all ages. With its affordable living costs combined with abundant amenities Thompson Township is definitely a great place to live.

Thomson has an unemployment rate of 5.3%. The US average is 6.0%.

Thomson has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.

Tax Rates for Thomson
- The Sales Tax Rate for Thomson is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Thomson 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 Thomson
- The average income of a Thomson resident is $29,107 a year. The US average is $28,555 a year.
- The Median household income of a Thomson resident is $104,620 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyThomson, MinnesotaUnited States
  5.36
  -3.8%-6.2%
  30.6%33.5%
  7.4%6.2%
  7.1%4.6%
  $45,616$37,638
  $104,620$69,021
  $108,806$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  7.0%6.8%
  8.7%10.0%
  2.8%2.5%
  6.8%11.0%
  4.7%4.8%
  2.9%0.8%
  1.2%1.9%
  5.1%4.7%
  0.5%1.9%
  2.0%7.6%
  0.0%0.1%
  1.2%4.2%
  24.6%9.3%
  16.8%14.0%
  1.0%2.1%
  2.5%7.0%
  4.9%4.8%
  6.9%4.7%
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