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Karlstad, MN
Full City Profile · Minnesota · Marshall County County
4.4
/5.0
A
Great
622
Population
415/sq mi density
$61,324
Median Income
$32,006 per capita
$120,300
Home Value
$167,638 Zillow
$650
Median Rent
20.0% income on rent
39°F
Avg Temperature
269 sunny days/yr
A
Overall
4.4 / 5.0
Strong
A
Economy
4.2 / 5.0
$61,324 median income, 0.4% unemployment
A+
Affordability
5.0 / 5.0
$120,300 home value, $650/mo rent
B+
Education
3.9 / 5.0
36.7% bachelor's degree or higher
Top Industries in Karlstad (6)
County-level employment data (BLS QCEW). Sorted by employment.
Manufacturing
322 jobs
13 firms
$57,382/yr
Retail Trade
245 jobs
30 firms
$34,508/yr
Construction
172 jobs
38 firms
$86,353/yr
Wholesale Trade
171 jobs
18 firms
$95,221/yr
Other Services
62 jobs
28 firms
$21,349/yr
Professional & Technical Services
36 jobs
12 firms
$73,571/yr
Industry Specialization (Location Quotient)
LQ > 1.0 means the industry is more concentrated here than the national average.
Wholesale Trade
1.78
Manufacturing
1.61
Construction
1.35
Retail Trade
1.01
Other Services
0.85
Professional & Technical Services
0.21
Thin line = national average (1.0)
Complete Industry Data
| Industry | Employment | Establishments | Avg Weekly Wage | Avg Annual Pay | LQ |
|---|---|---|---|---|---|
| Manufacturing | 322 | 13 | $1,103 | $57,382 | 1.61 |
| Retail Trade | 245 | 30 | $664 | $34,508 | 1.01 |
| Construction | 172 | 38 | $1,661 | $86,353 | 1.35 |
| Wholesale Trade | 171 | 18 | $1,831 | $95,221 | 1.78 |
| Other Services | 62 | 28 | $411 | $21,349 | 0.85 |
| Professional & Technical Services | 36 | 12 | $1,415 | $73,571 | 0.21 |