Caledonia township, MN is a great place to live with its cost of living being much lower than the US average. As illustrated by the content above, rent for a two bedroom in Caledonia township is currently $870, which is much lower than the US average of $1,430. Furthermore, local grocery costs are 96 on the index versus 100 for the US. This makes Caledonia township an attractive option for people looking for an affordable location to live. Local companies include Central Bank, Jax Cafe, and Paramount Theater all of which draw customers from all over southeastern Minnesota. In general, it's easy to see why so many people are drawn towards moving and settling in Caledonia township due to its affordability and great local businesses.
Caledonia township has an unemployment rate of 4.4%. The US average is 6.0%.
Caledonia township has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Caledonia township
- The Sales Tax Rate for Caledonia township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Caledonia 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 Caledonia township
- The average income of a Caledonia township resident is $27,297 a year. The US average is $28,555 a year.
- The Median household income of a Caledonia township resident is $98,500 a year. The US average is $69,021 a year.