Economy in Torning, Minnesota

Torning has an unemployment rate of 5.6%. The US average is 6.0%.

Torning has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.

Tax Rates for Torning
- The Sales Tax Rate for Torning is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Torning 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 Torning
- The average income of a Torning resident is $33,836 a year. The US average is $28,555 a year.
- The Median household income of a Torning resident is $80,208 a year. The US average is $53,482 a year.