Killarney is located in a rural area, dependent primarily on agriculture and agribusiness.

On December 1, 1903, Killarney was incorporated as a village, breaking away from the RM of Turtle Mountain.

Killarney boasts a variety of sales and specialized services that help complement the strong agricultural base of the community.

Killarney has been voted the best retirement town in Canada by Canadian Living magazine.

The community works hard to maintain this reputation and the business community in Killarney provides most all essential goods and services to local residents, ensuring a comfortable and amenable living environment.

The current Councillors are Jane Ireland, Jarod Box, Joan Kemp, Gary King, Greg Ericson, and Rick Pauls.

[12] Turtle Mountain is represented by Progressive Conservative MLA Doyle Piwniuk.