Wilkin County in Minnesota is known for its affordable living and healthy cost of living. The rent for a two bedroom apartment is $830, well below the national average of $1,430. Grocery costs are also lower here as evidenced by the grocery cost index of 95 compared to 100 nationally. This makes Wilkin County an attractive option for those looking to enjoy a quality lifestyle without breaking the bank.
The local economy in Wilkin County is largely agricultural based and some of the main employers include C & B Operations, Wilkin Cooperative Elevator Company, Hycraft Seed Co Inc., and Sather Farms LLP. Additionally, there are a number of small businesses located throughout the county including restaurants, retail stores, and professional services. Wilkin County offers something for everyone looking to settle down in an affordable area with plenty of job opportunities.
Wilkin County has an unemployment rate of 4.1%. The US average is 6.0%.
Wilkin County 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 20.2%, which is lower than the US average of 33.5%.
Tax Rates for Wilkin County
- The Sales Tax Rate for Wilkin County is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Wilkin County 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 Wilkin County
- The average income of a Wilkin County resident is $26,557 a year. The US average is $28,555 a year.
- The Median household income of a Wilkin County resident is $57,907 a year. The US average is $69,021 a year.