Economic Information

Per Capita Income

In 2008 Wadena had a Per Capita Personal Income (PCPI) of $28,672. This PCPI ranked 82nd in the state and was 67 percent of the state average, $42,953, and 71 percent of the national average, $40,166. The 2008 PCPI reflected an increase of 8.8 percent from 2007. The 2007-2008 state change was 3.0 percent and the national change was 2.0 percent. In 1998 the PCPI of Wadena was $18,352 and ranked 85th in the state.
Source – Bureau of Economic Analysis BEARFACTS (www.BEA.gov)

Unemployment rates (unadjusted) as of May 2010:

Wadena county – 8.6%
Region Five counties – 7.7%
Minnesota – 6.4%
U.S. – 9.3%
Source: DEED LAUS data (www.positivelyminnesota.com/apps/lmi/laus/CurrentStats.aspx)

Home prices

Based on 65 home sales from January to September 2008, the median price was $79,000.
Based on 44 home sales from January to September 2009, the median price was $74,000.
Source: www.demography.state.mn.us/documents/HousingPrices20082009.pdf

Median Age

Wadena County 39.9 years
U.S. 35.3 years
In 2000, 2,727 Wadena County citizens were age 65 or older (19% of county population compared to 12.4% for the U.S.)
Source: 2000 Census Community Fact Finder data (http://factfinder.census.gov)