Owatonna Township, MN is a small charming town located in Minnesota. It offers a good quality of life with affordable housing, groceries and other amenities. The average rent for a two bedroom apartment is $930 which is much lower than the national average of $1430. The grocery cost index in Owatonna township is 97, which means it has slightly lower prices than the rest of the country. There are many local businesses that make up this town such as Lucky's Pizza, Main Street Bakery, and Olsen's Hardware Store. All these local companies offer great products at competitive prices making the overall cost of living in Owatonna Township quite reasonable for both locals and new visitors alike!
Owatonna township has an unemployment rate of 4.9%. The US average is 6.0%.
Owatonna township has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Owatonna township
- The Sales Tax Rate for Owatonna township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Owatonna 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 Owatonna township
- The average income of a Owatonna township resident is $37,098 a year. The US average is $28,555 a year.
- The Median household income of a Owatonna township resident is $94,375 a year. The US average is $69,021 a year.