Loretto, MN Employment

A+
59%
Income/capita NAT. AVG.
34%
Household income NAT. AVG.
57%
Unemployment NAT. AVG.
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IndexLorettoMinnesotaNational
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 rate2.0%3.4%4.7%
Poverty level5.6%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

      $
      Input your household income
      $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 TypeMaleFemale
      Construction industry11.0%11.0%
      Manufacturing sector28.0%28.0%
      Financial & insurance services9.3%9.3%
      Wholesale & retail services11.0%11.0%
      Public administration3.8%3.8%
      Transportation, warehousing & utilities3.8%3.8%
      Education, health & social services4.9%4.9%
      Other25.3%25.3%

      Nearby cities with high median household income

      City Population Household Income National Avg.
      Minnetonka Beach, MN590$250,001351.9%
      Woodland, MN537$189,375242.3%
      Greenwood, MN742$183,750232.1%
      Independence, MN3,778$180,357226.0%
      Orono, MN8,217$169,557206.5%
      Loretto, MN737$73,94233.7%

      Cities with similar population

      City Population Household Income National Avg.
      Clyde, CA737$83,07750.2%
      Fairplay, CO737$73,75033.3%
      Lake Kathryn, FL737$38,17331.0%
      Lawtell, LA737$43,54821.3%
      Kasota, MN737$47,27314.5%
      Loretto, MN737$73,94233.7%
      Source: The Loretto, MN employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).
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