With data compiled from reliable public sources and government organizations like the Bureau of Labor Statistics and the U.S. Census Bureau, Joblift provides you with essential insights to help you in your job search in Owatonna, MN.
Owatonna is home to a diverse range of industries, including manufacturing, health care, retail, finance, and education. These sectors contribute significantly to the city's economic growth and stability, offering a variety of job opportunities for its residents. With its strong industrial foundation, coupled with an emphasis on healthcare and educational services, Owatonna maintains a thriving business environment that attracts both established companies and startups alike. Furthermore, the retail and finance sectors continue to expand steadily in the region, solidifying the city's reputation as a hub for growth and opportunity.
In the city, employment opportunities exhibit some unique characteristics worth considering. A notable aspect is that 56% of the population benefits from employer-provided insurance, which may contribute to overall job security and satisfaction. The average salary stands at $55,654 per year, a figure that falls approximately 19.61% below the national average. However, this lower income is offset by a cost of living index that is around 17.0% less than the typical urban center. Commuting within the city is quite manageable with an average duration of just 16 minutes. Taking all these factors into account, jobseekers may find this city's employment landscape appealing in various ways.
Owatonna, Minnesota is a city with an above average unemployment rate of 4.70%, compared to the national figure of 3.8%. The local economy offers various job opportunities for its residents, and the future job market growth in this region is expected to be moderate. Aspiring job seekers planning to move to Owatonna can look forward to a stable economic environment that supports career growth and development.
In the heart of Owatonna, a flourishing job market awaits eager candidates. To explore jobs in Owatonna tailored to your skills and experience, utilize Joblift's advanced search and Job Coach tool for an efficient and personalized job search process.