Moorhead township, MN Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Moorhead township, MN is a great place to live with many amenities available. It offers an affordable lifestyle, with the average two bedroom rent being only $920 compared to the US average of $1,430. The cost of groceries in Moorhead township is also low with an index of 99 versus 100 in the US. \nThere are a variety of large businesses located in the area such as Target, Walmart, Walgreens, Aldi, and Supervalu. Additionally, there are plenty of restaurants such as Olive Garden, Applebee’s and Red Lobster. There is something for everyone in Moorhead township. \nThe population of Moorhead township is approximately 44,400 people and growing. The median age is 35 years old, and the median household income is $56,700 per year making it a desirable location to live in Minnesota.

Moorhead township has an unemployment rate of 3.8%. The US average is 6.0%.

Moorhead township has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.

Tax Rates for Moorhead township
- The Sales Tax Rate for Moorhead township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Moorhead 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 Moorhead township
- The average income of a Moorhead township resident is $35,122 a year. The US average is $28,555 a year.
- The Median household income of a Moorhead township resident is $103,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMoorhead township, MinnesotaUnited States
  3.86
  -0.7%-6.2%
  29.1%33.5%
  7.4%6.2%
  7.1%4.6%
  $43,278$37,638
  $103,125$69,021
Family Median Income 85028
Health
Compare Moorhead township, MN
cost of living
Compare food, housing, utilities, and more in Moorhead township, Minnesota to any other city in the US.