Adams Township, MN is a small town with great amenities. There are many local businesses in the area providing a variety of services including restaurants, retail stores and grocery stores. The cost of living in Adams Township is generally low compared to larger cities. The average rent for a two bedroom apartment is $960 which is much lower than the US average of $1,430. Similarly, the Grocery Cost Index in Adams Township is 94 versus 100 in the US making groceries more affordable here than other places. Local companies such as Smith's Grocery Store and Yoder's Hardware Store offer competitive prices on goods and services that are sure to fit any budget.
Adams township has an unemployment rate of 4.2%. The US average is 6.0%.
Adams township has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Adams township
- The Sales Tax Rate for Adams township is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Adams 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 Adams township
- The average income of a Adams township resident is $46,485 a year. The US average is $37,638 a year.
- The Median household income of a Adams township resident is $102,014 a year. The US average is $69,021 a year.