Wolf Lake Township, MN is a small, but vibrant community located in the heart of Minnesota. It is a great place to live with affordable housing and cost of living expenses. The average 2 bedroom rent is only $900 compared to the US average of $1,430, making it an attractive option for those looking for a place to call home. Additionally, groceries here cost far less than the national average; the Index stands at 98 versus 100 in the US.
The township also offers its residents plenty of opportunities for entertainment and relaxation. There are many local businesses such as Wolf Lake Marketplace that provide everyday essentials and other items while giving back to the community. For those seeking outdoor activities, they can take advantage of Wolf Lake Beach or enjoy some fishing along South Fork Crow River. In addition, there are several parks around town offering playgrounds, trails, and scenic views.
Wolf Lake township has an unemployment rate of 5.3%. The US average is 6.0%.
Wolf Lake township has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Wolf Lake township
- The Sales Tax Rate for Wolf Lake township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Wolf Lake 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 Wolf Lake township
- The average income of a Wolf Lake township resident is $19,820 a year. The US average is $28,555 a year.
- The Median household income of a Wolf Lake township resident is $63,750 a year. The US average is $69,021 a year.