Loretto, MN Employment - Median Household Income, Unemployment Rate

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59%

Income/capita NAT. AVG.

34%

Household income NAT. AVG.

57%

Unemployment NAT. AVG.

Index	Loretto	Minnesota	National
Income per capita	$47,536	$33,225	$29,829
Median household income	$73,942	$63,217	$55,322
Median income owner occupied	$94,514	$77,618	$70,586
Median income renter occupied	$40,000	$34,348	$35,192
Median earnings male	$57,500	$40,933	$36,919
Median earnings female	$50,147	$29,114	$26,250
Unemployment rate	2.0%	3.4%	4.7%
Poverty level	5.6%	10.8%	15.1%

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Key findings

The income per capita in Loretto is 59% higher than the national average
The median household income in Loretto is 34% higher than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Loretto is 57% lower than the national average
The poverty level in Loretto is 63% lower than the national average

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am i middle class

$49,289 $73,942 $147,884

City

$42,140 $63,217 $126,434

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Loretto median earnings by income bracket

Loretto employment by industry

Labour Type	Male	Female
Construction industry	11.0%	11.0%
Manufacturing sector	28.0%	28.0%
Financial & insurance services	9.3%	9.3%
Wholesale & retail services	11.0%	11.0%
Public administration	3.8%	3.8%
Transportation, warehousing & utilities	3.8%	3.8%
Education, health & social services	4.9%	4.9%
Other	25.3%	25.3%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Minnetonka Beach, MN	590	$250,001	351.9%
Woodland, MN	537	$189,375	242.3%
Greenwood, MN	742	$183,750	232.1%
Independence, MN	3,778	$180,357	226.0%
Orono, MN	8,217	$169,557	206.5%
Loretto, MN	737	$73,942	33.7%

Cities with similar population

City	Population	Household Income	National Avg.
Clyde, CA	737	$83,077	50.2%
Fairplay, CO	737	$73,750	33.3%
Lake Kathryn, FL	737	$38,173	31.0%
Lawtell, LA	737	$43,548	21.3%
Kasota, MN	737	$47,273	14.5%
Loretto, MN	737	$73,942	33.7%

Source: The Loretto, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).