Cokato township, MN is a great place to live and work. The 2 bedroom rent is much lower than the US average of $1,430 at $1,200 making it an affordable option for many. The grocery cost index in Cokato township is also lower than the nation average at 98 versus 100 making groceries more affordable. There are several local companies in this area such as Orono Manufacturing Company, Cokato Electric Motors Inc., and S & S Dairy Farms LLC providing employment to its locals. With its affordability and available jobs, it is no surprise that Cokato township, MN is becoming increasingly popular among those looking for a place to call home.
Cokato township has an unemployment rate of 4.5%. The US average is 6.0%.
Cokato township has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Cokato township
- The Sales Tax Rate for Cokato township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Cokato township is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cokato township
- The average income of a Cokato township resident is $21,036 a year. The US average is $28,555 a year.
- The Median household income of a Cokato township resident is $78,906 a year. The US average is $69,021 a year.