St. Vincent township, MN is a small town with a population of around 4,000 people located in northern Minnesota. The town is known for its low cost of living making it an attractive place to live for young families and retirees alike. The average two-bedroom rent in St. Vincent township is $790 compared to the national average of $1430 while the grocery cost index in St. Vincent township is 91 compared to 100 for the US as a whole making it one of the most affordable places to live in the state.
The town has plenty of local businesses such as L&M Grocery Stores, St. Vincent Town Motors, Chase Bank, and many other family owned businesses that serve the community's needs and create employment opportunities for locals. St. Vincent is also known for its great outdoor recreational activities including camping, fishing, boating, and hiking at nearby wildlife parks like Tamarack National Wildlife Refuge and Itasca State Park.
St. Vincent township has an unemployment rate of 4.0%. The US average is 6.0%.
St. Vincent township has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for St. Vincent township
- The Sales Tax Rate for St. Vincent township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for St. Vincent 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 St. Vincent township
- The average income of a St. Vincent township resident is $36,123 a year. The US average is $28,555 a year.
- The Median household income of a St. Vincent township resident is $88,333 a year. The US average is $69,021 a year.