York, MN Economy


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York, MN is a charming small town located in the southeastern part of Minnesota. Its population is around 5,500 people and it has a strong sense of community spirit. It is known for its excellent schools and many local businesses such as Cardigan Corral Winery, The Emporium Cafe & Bakery and the York Locker & Sausage Company. \nThe cost of living in York is quite affordable with a two bedroom rent being $890 compared to the US average of $1,430 and a grocery cost index at 96 compared to the US at 100. Therefore, it can be concluded that overall it is much less expensive to live in York than other parts of the US.

York has an unemployment rate of 4.7%. The US average is 6.0%.

York 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 29.3%, which is lower than the US average of 33.5%.

Tax Rates for York
- The Sales Tax Rate for York is 7.4%. The US average is 7.3%.
- The Income Tax Rate for York 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 York
- The average income of a York resident is $27,529 a year. The US average is $37,638 a year.
- The Median household income of a York resident is $56,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyYork, MinnesotaUnited States
  4.76
  -0.6%-6.2%
  29.3%33.5%
  7.4%6.2%
  7.1%4.6%
  $27,529$37,638
  $56,250$69,021
  $83,828$85,028
  Population by Occupation
  17.3%1.2%
  0.0%0.5%
  14.9%6.8%
  4.2%10.0%
  9.5%2.5%
  9.5%11.0%
  3.6%4.8%
  0.0%0.8%
  0.0%1.9%
  2.4%4.7%
  0.0%1.9%
  5.4%7.6%
  0.0%0.1%
  3.0%4.2%
  7.1%9.3%
  4.2%14.0%
  1.2%2.1%
  1.2%7.0%
  4.2%4.8%
  12.5%4.7%
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