Elgin township, MN is a great place to live with an affordable cost of living. The average rent for a 2 bedroom apartment is $1,010, much lower than the US average of $1,430. Additionally, the grocery index in Elgin township is 99 versus 100 in the US. This makes buying food very affordable compared to other parts of the country. \nSome local companies in Elgin township include M & S Mechanical Contractors Inc., Elgin Community College Forensics Team and College Credit Plus Program, and Big Woods Manufacturing Company. All of these businesses contribute to the economy and offer many job opportunities for residents in this community. With a low cost of living and plenty of local business opportunities, Elgin township is an attractive destination for families looking for their next home.
Elgin township has an unemployment rate of 4.4%. The US average is 6.0%.
Elgin township has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Elgin township
- The Sales Tax Rate for Elgin township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Elgin 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 Elgin township
- The average income of a Elgin township resident is $37,554 a year. The US average is $28,555 a year.
- The Median household income of a Elgin township resident is $103,750 a year. The US average is $69,021 a year.