Economy & Jobs — Babbitt, Minnesota
Income & Employment
| Median Household Income (Census) | $55,875 |
|---|
| Estimated 2026 | ~$61,900 |
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| Per Capita Income | $33,127 |
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| Poverty Rate | 10.5% |
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| Unemployment Rate | 4.8% |
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| In Labor Force | 643 |
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Top Industries
| Industry | Share |
|---|
| Education Healthcare | 30.5% |
| Retail | 14.8% |
| Construction | 14.6% |
Local Businesses (County)
| Type | Count |
|---|
| Full Service Restaurants | 162 |
| Fast Food | 138 |
| Gas Stations | 99 |
| Insurance Agencies | 91 |
| Hotels Motels | 74 |
| Bars | 70 |
| Physician Offices | 68 |
| Dental Offices | 66 |
| Real Estate Offices | 64 |
| Commercial Banks | 64 |
| Law Offices | 56 |
| Auto Repair | 55 |
| Beauty Salons | 54 |
| Child Day Care | 43 |
| Liquor Stores | 37 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
