Wilmington, MN is a small town located in the midwest. It has a population of just under 10,000 people and is known for its low cost of living. The 2 bedroom rent in Wilmington is $880, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Wilmington is 95 versus the 100 seen nationwide. There are several local companies in Wilmington which include design firm Brandpointe, real estate company Buyers Real Estate Solutions Inc., financial services company Ironwood Financial, and restaurant Kellie’s Family Restaurant.
Wilmington has an unemployment rate of 4.4%. The US average is 6.0%.
Wilmington has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Wilmington
- The Sales Tax Rate for Wilmington is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wilmington 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 Wilmington
- The average income of a Wilmington resident is $42,987 a year. The US average is $37,638 a year.
- The Median household income of a Wilmington resident is $63,214 a year. The US average is $69,021 a year.