Elbow Lake township, MN is a great place for people to consider to call home. With an affordable 2 Bedroom Rent rate of $840 and a Grocery Cost Index of 93 compared to the US average at 100, living here can be very cost-effective. New residents will find plenty of local options for employment from companies such as Elbow Lake Manufacturing Company or F & L Feeds. There are also many other small business owners in the area that hire locally and offer great benefits. Additionally, parks, lakes, golf courses and more make this township an ideal location for outdoor recreation and family fun!
Elbow Lake township has an unemployment rate of 5.4%. The US average is 6.0%.
Elbow Lake township has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Elbow Lake township
- The Sales Tax Rate for Elbow Lake township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Elbow Lake 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 Elbow Lake township
- The average income of a Elbow Lake township resident is $38,022 a year. The US average is $28,555 a year.
- The Median household income of a Elbow Lake township resident is $87,788 a year. The US average is $69,021 a year.