Elgin, MN 55932

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 280 380 $11,215 $966
(10.71% of returns)
$0
(0% of returns)
$0
$25,000 to $50,000 250 390 $31,266 $866
(12% of returns)
$5,400
(24% of returns)
$4,400
$50,000 to $75,000 150 320 $45,004 $1,933
(20% of returns)
$18,333
(20% of returns)
$7,275
$75,000 to $100,000 120 350 $43,888 $1,166
(25% of returns)
$20,000
(16.67% of returns)
$6,100
$100,000 to $200,000 200 590 $70,236 $6,028
(35% of returns)
$23,900
(15% of returns)
$7,084
Over $200,000 30 60 $182,933 $0
(0% of returns)
$0
(0% of returns)
$0
For Zip 1030 2090 $46,737

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Income Tax Rates

Rate Minimum Income Maximum Income
0.0535 0 25890
0.0705 25890 85060
0.0785 85060 160020
0.0985 160020 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0111 19

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06875 0.0058 0.0746 18