Mankato Township, MN is a great place to live. With its affordable 2 bedroom rent of $1,140 compared to the US average of $1,430 and its Grocery Cost Index of 99 versus the US index of 100, it is one of the most cost effective options for any living situation. The township offers many local companies and amenities such as Mankato Clinic, Hy-Vee Food Stores, along with numerous parks offering outdoor recreation activities. It also provides various shops and other leisure activities like bowling or mini golfing. With so much to offer in Mankato Township, this location is ideal for people seeking an affordable yet enjoyable lifestyle.
Mankato township has an unemployment rate of 3.9%. The US average is 6.0%.
Mankato township has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for Mankato township
- The Sales Tax Rate for Mankato township is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Mankato 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 Mankato township
- The average income of a Mankato township resident is $45,146 a year. The US average is $28,555 a year.
- The Median household income of a Mankato township resident is $108,512 a year. The US average is $69,021 a year.