Lyle township, MN is a small town located in southwestern Minnesota. It has a population of approximately 1,000 people and covers an area of around 32 square miles. The cost of living in Lyle township is quite low compared to the US average, with the average rent for a two bedroom apartment being around $980 per month while the national average is much higher at $1,430. The grocery cost index in Lyle township is 93 compared to the national 100, meaning that groceries are relatively cheaper here than in other places.
There are several local businesses in Lyle township such as Kwik Trip convenience store and gas station, Anderson Produce farmstand, America's Best Value Inn motel, and Friesen's Repair shop. All these businesses offer quality services and goods at competitive prices which help to further reduce the cost of living in this area. Therefore, if you're looking for a place with low costs that still offers some essential amenities then Lyle township could be an ideal choice for you.
Lyle township has an unemployment rate of 4.2%. The US average is 6.0%.
Lyle township has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Lyle township
- The Sales Tax Rate for Lyle township is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Lyle 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 Lyle township
- The average income of a Lyle township resident is $27,422 a year. The US average is $28,555 a year.
- The Median household income of a Lyle township resident is $69,545 a year. The US average is $69,021 a year.