Wakefield, Minnesota 

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Economy in Wakefield, Minnesota

Wakefield has an unemployment rate of 3.0%. The US average is 3.9%.

Wakefield 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 33.8%, which is higher than the US average of 33.5%.

Tax Rates for Wakefield
- The Sales Tax Rate for Wakefield is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Wakefield 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 Wakefield
- The average income of a Wakefield resident is $32,374 a year. The US average is $28,555 a year.
- The Median household income of a Wakefield resident is $73,646 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYWakefield, MinnesotaUnited States
  3.0%3.7%
  1.6%1.6%
  33.8%33.5%
  7.1%6.2%
  7.1%4.6%
  $36,649$31,177
  $79,702$57,652
  $83,458$70,850
  POPULATION BY OCCUPATION
  3.8%1.3%
  0.7%0.6%
  8.0%6.2%
  19.1%10.4%
  3.6%2.7%
  11.9%11.6%
  1.3%4.1%
  0.4%0.9%
  0.9%2.1%
  4.7%4.7%
  1.4%1.9%
  5.1%6.7%
  0.0%0.1%
  2.7%4.3%
  10.5%9.3%
  15.7%13.8%
  0.6%2.2%
  1.3%7.4%
  5.9%4.9%
  2.5%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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