Akeley Township, MN is a small rural community located in Hubbard County. It is known for its vast forests and recreational activities like hiking, fishing, and boating. The cost of living in Akeley Township is quite low compared to the US average, with a 2 Bedroom Rent being only $880 versus $1,430 in the US. The Grocery Cost Index in Akeley Township is also lower at 98 compared to 100 in the US. This makes Akeley an ideal place to live for those looking for affordable housing options. Local companies include Akeley Grocery Store & Hardware, Northwoods Fishing Resort & Campground, Akeley Community Center, and several other small businesses that provide goods and services to the local community.
Akeley township has an unemployment rate of 6.1%. The US average is 6.0%.
Akeley township has seen the job market increase by 6.6% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.
Tax Rates for Akeley township
- The Sales Tax Rate for Akeley township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Akeley 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 Akeley township
- The average income of a Akeley township resident is $24,484 a year. The US average is $28,555 a year.
- The Median household income of a Akeley township resident is $48,516 a year. The US average is $69,021 a year.