Butterfield township, MN is a small suburban community located in the south of Minnesota. It has a population of 5,000 people and offers a variety of amenities such as quality schooling, parks, and local companies. The cost of living in Butterfield is lower than most other areas in the US. On average, two bedroom rent is $840 per month while it’s $1,430 in the US. The Grocery Cost Index in Butterfield Township is 95 compared to 100 in the US. Businesses like Husted Dairy Farms, General Mills Manufacturing Plant and Bongards Creameries offer employment opportunities for locals while providing products to the entire region. In addition to this, residents enjoy low taxes which contribute further to its affordable cost of living.
Butterfield township has an unemployment rate of 4.5%. The US average is 6.0%.
Butterfield township has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Butterfield township
- The Sales Tax Rate for Butterfield township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Butterfield 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 Butterfield township
- The average income of a Butterfield township resident is $29,154 a year. The US average is $28,555 a year.
- The Median household income of a Butterfield township resident is $73,333 a year. The US average is $69,021 a year.