Cedar Mills Township, Minnesota is an ideal place to live and work. The rent for a two-bedroom apartment is much lower than the national average of $1,430 at just $870. This makes it affordable for many families and individuals who don't have the extra income to spare. Additionally, the grocery cost index in Cedar Mills Township, MN is 96 versus 100 in the US making it slightly cheaper to buy groceries here.
This area provides plenty of options for people looking to start or grow their careers with major employers like Amazon, Target Corporation, Best Buy and Medtronic located nearby. The city also boasts many smaller businesses such as local restaurants, shops and other services that help give this community its unique charm. With so much to offer both residents and businesses alike, Cedar Mills Township is an excellent choice for anyone looking for a great place to call home.
Cedar Mills township has an unemployment rate of 5.2%. The US average is 6.0%.
Cedar Mills township has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Cedar Mills township
- The Sales Tax Rate for Cedar Mills township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Cedar Mills 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 Cedar Mills township
- The average income of a Cedar Mills township resident is $29,270 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Mills township resident is $79,167 a year. The US average is $69,021 a year.