Nashwauk township, MN is a great place to live due to its low cost of living and rent compared to the national average. A 2 bedroom rental in Nashwauk township is $1,190 compared with $1,430 nationally. The grocery cost index in Nashwauk township is 95 versus 100 in the rest of the US making it an affordable place to live and eat. Nashwauk township has many local companies such as United States Steel Corporation, Weyerhaeuser Company, and Fairview Mine. There are also several attractions like the Cuyuna Country State Recreation Area which offers miles of trails for all-terrain vehicles, snowmobiles, and mountain bikes; Hanson’s Logging Camp Museum; and Grand Rapids Drive-In Theatre for some entertainment experiences.
Nashwauk township has an unemployment rate of 6.2%. The US average is 6.0%.
Nashwauk township has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Nashwauk township
- The Sales Tax Rate for Nashwauk township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Nashwauk 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 Nashwauk township
- The average income of a Nashwauk township resident is $25,023 a year. The US average is $28,555 a year.
- The Median household income of a Nashwauk township resident is $63,810 a year. The US average is $69,021 a year.