Northfield Township, MN is a community located just outside the larger city of Minneapolis. It is a great place to live because it has a lower cost of living than the US average. Rent for a 2 bedroom apartment is $1,100 compared to $1,430 nationally. Groceries are also less expensive with an index of 101 versus 100 in the US. Furthermore, there are many great companies located in Northfield Township, such as Minnesota State University – Mankato, The Schwan Food Company and Mayo Clinic Health System. Living in Northfield Township provides access to excellent educational and employment opportunities alongside an affordable cost of living making it a great place to call home.
Northfield township has an unemployment rate of 4.2%. The US average is 6.0%.
Northfield township has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Northfield township
- The Sales Tax Rate for Northfield township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Northfield 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 Northfield township
- The average income of a Northfield township resident is $41,797 a year. The US average is $28,555 a year.
- The Median household income of a Northfield township resident is $100,809 a year. The US average is $69,021 a year.