Cottonwood, MN 56229

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 240 310 $11,207 $0
(0% of returns)
$0
(0% of returns)
$0
$25,000 to $50,000 190 350 $30,462 $1,266
(31.58% of returns)
$5,166
(31.58% of returns)
$0
$50,000 to $75,000 130 270 $42,794 $0
(0% of returns)
$13,800
(23.08% of returns)
$5,200
$75,000 to $100,000 120 340 $46,413 $433
(25% of returns)
$22,900
(25% of returns)
$5,733
$100,000 to $200,000 150 520 $65,700 $6,666
(40% of returns)
$22,175
(26.67% of returns)
$6,387
For Zip 850 1790 $40,366

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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