West Concord, MN Economy


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West Concord, MN is a small city located in Dodge County with a population of just over 1,000 people. It is known for its quiet atmosphere and friendly community. The cost of living in West Concord is quite affordable; the average 2 bedroom rent is $1,240 which is cheaper than the US average of $1,430. Additionally, the grocery cost index in West Concord is 96 versus 100 in the US which demonstrates an even more affordable cost of living in the area.
West Concord offers many local businesses that cater to its citizens’ needs such as Grocery Store, Auto Parts & Repair, Bank & Banking Services, Public Library and many others. There are also several restaurants with cuisines from all around the world available for dining pleasure. All these amenities make living in West Concord a pleasant experience and demonstrate why it's such an attractive place to call home.

West Concord has an unemployment rate of 4.9%. The US average is 6.0%.

West Concord has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 30.4%, which is lower than the US average of 33.5%.

Tax Rates for West Concord
- The Sales Tax Rate for West Concord is 6.9%. The US average is 7.3%.
- The Income Tax Rate for West Concord 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 West Concord
- The average income of a West Concord resident is $21,416 a year. The US average is $28,555 a year.
- The Median household income of a West Concord resident is $63,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWest Concord, MinnesotaUnited States
  4.96
  -0.8%-6.2%
  30.4%33.5%
  7.4%6.2%
  7.1%4.6%
  $28,908$37,638
  $63,125$69,021
  $76,771$85,028
  Population by Occupation
  4.7%1.2%
  0.0%0.5%
  9.1%6.8%
  15.0%10.0%
  3.5%2.5%
  10.6%11.0%
  5.3%4.8%
  0.0%0.8%
  0.0%1.9%
  8.5%4.7%
  0.0%1.9%
  0.6%7.6%
  0.0%0.1%
  6.7%4.2%
  7.0%9.3%
  16.1%14.0%
  2.6%2.1%
  2.9%7.0%
  5.0%4.8%
  2.3%4.7%
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