Economy in Farmington, Minnesota
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Economy
| Unemployment Rate | 6.60% | 9.10% |
| Recent Job Growth | 0.21% | -0.12% |
| Future Job Growth | 33.82% | 31.25% |
| Sales Taxes | 6.50% | 6.80% |
| Income Taxes | 7.85% | 6.25% |
| Income per Cap. | $30,957 | $27,067 |
| Household Income | $80,769 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 3.14% | 12.10% |
| Income between 15K and 25K | 2.79% | 10.18% |
| Income between 25K and 35K | 4.06% | 10.56% |
| Income between 35K and 50K | 9.52% | 14.98% |
| Income between 50K and 75K | 24.26% | 19.53% |
| Income between 75K and 100K | 26.60% | 12.52% |
| Income between 100K and 150K | 21.94% | 12.14% |
| Income between 150K and 250K | 4.19% | 3.91% |
| Income between 250K and 500K | 2.53% | 3.34% |
| Income greater than 500K | 0.97% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 16.48% | 13.81% |
| Professional and Related Occupations | 21.40% | 22.68% |
| Service | 12.19% | 14.51% |
| Sales and Office | 25.11% | 25.22% |
| Farming, Fishing, and Forestry | 0.30% | 0.68% |
| Construction, Extraction, and Maintenance | 13.10% | 9.37% |
| Production, Transportation, and Material Moving | 22.33% | 15.86% |
The unemployment rate in Farmington, MN, is 6.60%, with job growth of 0.21%. Future job growth over the next ten years is predicted to be 33.82%.
Farmington, MN Taxes
Farmington, MN,sales tax rate is 6.50%. Income tax is 7.85%.
Farmington, MN Income and Salaries
The income per capita is $30,957, which includes all adults and children. The median household income is $80,769.
Farmington Economy SperlingViews
Farmington maybe, maybe not: Farmington; is a nice area to live kinda has a country feel but is still in a convent location, only problem is it is very inbreed they want to keep growing but not... (read more)Have an opinion about Farmington? Leave a commentTo See All SperlingViews for Farmington Click Here
