Paynesville township, MN is a great place to live with many amenities. It has great opportunities for employment, with local companies such as Paynesville Industries, Prestige Manufacturing and Super Service providing diverse job options. The cost of living in Paynesville township is relatively low when compared to the US average. Rent for two bedroom apartments is about $910 while the US average is $1,430. Also, the Grocery Cost Index is 97 versus a hundred in the US. All these factors make living in Paynesville an attractive option for those looking for good value and quality of life.
Paynesville township has an unemployment rate of 4.7%. The US average is 6.0%.
Paynesville township has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Paynesville township
- The Sales Tax Rate for Paynesville township is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Paynesville 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 Paynesville township
- The average income of a Paynesville township resident is $39,273 a year. The US average is $28,555 a year.
- The Median household income of a Paynesville township resident is $83,462 a year. The US average is $69,021 a year.