County Economic Indicators

The Quarterly Economic Indicators have been released for Bremer County for the quarter ending June 30th. The unemployment rate in the county was measured at 2.3%, which is down from 2.5% last year. Bank deposits were up about $4 million while assets rose by about $26 million over the last year. There were seven bankruptcies in the county this year, which is significantly more than the one last year. Electic, water, and gas connections all rose by 30 to 45 in the last year. There are nearly 300 fewer vehicle registered in Bremer County this year. There were 82 residential sales which sat on the market for an average of 30 days compared to 72 sales last year which sat for an average of 36 days. The median sales price of those homes was nearly $224,000 compared to just over $205,000 last year. There have been nine single family homes constructed this year, which have a total value just over $4.5 million. Last year eight were built with a total valuation of just under $3 million. About 10 more building permits were issued this year than last year with the total value nearly $5 million more than last year.