Rockford Township, Minnesota is a small township located in the Twin Cities metro area and boasts a community of friendly neighbors and beautiful scenery. Known for its low cost of living, it is an ideal destination for those who want to enjoy all that the Twin Cities have to offer without having to break the bank. The average 2 Bedroom rent sits at $1,320 which is lower than the US average of $1,430. Grocery costs index higher here with an index score of 101 versus 100 nationally. There are many local businesses to serve the residents including grocery stores like SuperValu and Lunds & Byerlys as well as restaurants such as Olive Garden and Applebee’s. With all that Rockford Township has to offer, it is easy to see why so many people call this town home!
Rockford township has an unemployment rate of 4.5%. The US average is 6.0%.
Rockford township has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Rockford township
- The Sales Tax Rate for Rockford township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Rockford 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 Rockford township
- The average income of a Rockford township resident is $38,954 a year. The US average is $28,555 a year.
- The Median household income of a Rockford township resident is $98,622 a year. The US average is $69,021 a year.