New London, MN 56273

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 800 1090 $10,340 $1,900
(10% of returns)
$1,480
(6.25% of returns)
$6,450
$25,000 to $50,000 530 880 $29,520 $2,075
(15.09% of returns)
$6,638
(24.53% of returns)
$5,222
$50,000 to $75,000 380 830 $38,640 $2,028
(18.42% of returns)
$15,930
(26.32% of returns)
$5,345
$75,000 to $100,000 310 800 $48,342 $2,555
(29.03% of returns)
$20,788
(29.03% of returns)
$6,700
$100,000 to $200,000 380 1110 $68,469 $3,475
(31.58% of returns)
$24,700
(21.05% of returns)
$7,480
Over $200,000 70 190 $229,566 $29,025
(57.14% of returns)
$0
(0% of returns)
$9,000
For Zip 2470 4900 $43,497

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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