Pine River township, MN Economy


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Pine River township, MN is an idyllic small town located in Minnesota's Heartland. It offers a beautiful atmosphere and plenty of local businesses to explore. The rental cost for a 2 bedroom is $860 per month, which is significantly less than the national average of $1,430. Additionally, the grocery cost index in Pine River township is 96 compared to 100 in the US, meaning groceries are 4% cheaper than in most places. There are many well-known companies within Pine River township, such as Walmart, Aldi, Hy-Vee Supermarket and C & G Hardware Store. With its low costs of living and abundance of popular businesses, Pine River Township makes for an ideal place to live or visit.

Pine River township has an unemployment rate of 8.4%. The US average is 6.0%.

Pine River township has seen the job market increase by 9.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.

Tax Rates for Pine River township
- The Sales Tax Rate for Pine River township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Pine River 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 Pine River township
- The average income of a Pine River township resident is $20,800 a year. The US average is $28,555 a year.
- The Median household income of a Pine River township resident is $48,929 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPine River township, MinnesotaUnited States
  8.46
  -5.2%-6.2%
  51.3%33.5%
  7.4%6.2%
  7.1%4.6%
  $26,336$37,638
  $48,929$69,021
  $59,167$85,028
  Population by Occupation
  4.1%1.2%
  0.0%0.5%
  9.2%6.8%
  19.9%10.0%
  2.8%2.5%
  11.7%11.0%
  2.7%4.8%
  0.0%0.8%
  0.0%1.9%
  2.5%4.7%
  2.5%1.9%
  3.6%7.6%
  0.0%0.1%
  3.0%4.2%
  6.6%9.3%
  12.6%14.0%
  0.7%2.1%
  14.7%7.0%
  0.9%4.8%
  2.5%4.7%
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