McGregor Township, MN is a small town located in the Midwestern United States. The cost of living is quite affordable in the township with two bedroom rents at $850, versus $1,430 for the US average. Additionally, the local Grocery Cost Index is 97 versus 100 for the US. This makes it easier to manage expenses and increase savings. \nLocal companies that operate in McGregor Township include family-run businesses such as Blythe Hardware and Distribution, Inc., McGregor Medical Clinic, and McGregor Electric Coop. These businesses provide services and goods to local residents that make life more comfortable. In addition to these businesses, there are also several restaurants, stores, banks, libraries, and schools in the township that offer quality services to its citizens. All of this shows that despite its small size, McGregor Township offers a variety of services to make life more comfortable for its citizens while keeping costs relatively low compared to other townships in Minnesota.
McGregor township has an unemployment rate of 7.1%. The US average is 6.0%.
McGregor township has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for McGregor township
- The Sales Tax Rate for McGregor township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for McGregor 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 McGregor township
- The average income of a McGregor township resident is $16,080 a year. The US average is $28,555 a year.
- The Median household income of a McGregor township resident is $40,625 a year. The US average is $69,021 a year.