Walcott, MN is a small town in Minnesota. It is located in Goodhue County and has an estimated population of 1,737 people according to the 2016 US Census. The rent for a two-bedroom apartment in Walcott, MN is $890 which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index for Walcott is 98 versus 100 for the US which means that groceries are cheaper here compared to other parts of the country. There are several businesses located in Walcott including The Stag Saloon & Grill, Kintz Auto Repair Inc., and Ed's Best Toyota Collision & Paint Repair who all contribute to keeping costs low for locals by providing quality products and services at competitive rates.
Walcott has an unemployment rate of 4.2%. The US average is 6.0%.
Walcott has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Walcott
- The Sales Tax Rate for Walcott is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Walcott 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 Walcott
- The average income of a Walcott resident is $35,196 a year. The US average is $28,555 a year.
- The Median household income of a Walcott resident is $91,184 a year. The US average is $69,021 a year.