Westport, MN is a small town located in McLeod County, Minnesota that has a population of just under 2,400 people. It is well known for its low cost of living compared to the US average and offers two bedroom rental units at an average of $1,080 per month which is significantly lower than the US rate of $1,430. Also notable is that grocery costs in Westport are 97 compared to the national index of 100 - making it cheaper to buy groceries in this rural community than most other places in the country. The local economy of Westport relies mostly on farming as well as services provided by companies such as Bank Midwest Financial Group and Wayne's Lumber & Building Supply - both locally owned businesses. With its low cost of living, excellent local services, and proximity to larger cities like Minneapolis and Mankato - Westport offers an ideal balance between convenience and affordability.
Westport has an unemployment rate of 4.5%. The US average is 6.0%.
Westport has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Westport
- The Sales Tax Rate for Westport is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Westport 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 Westport
- The average income of a Westport resident is $16,519 a year. The US average is $28,555 a year.
- The Median household income of a Westport resident is $36,750 a year. The US average is $69,021 a year.