Aldrich Township, MN is a small rural town located in the heart of Minnesota. It is known for its peaceful and relaxed atmosphere, and is home to many local businesses and industries. The cost of living in Aldrich township is quite low compared to other parts of the US; 2 bedroom rent is only $810, while the average US rent for a 2 bedroom apartment is $1,430. The Grocery Cost Index in Aldrich township also stands at 94 versus 100 in the US on average.
The local companies and industries include Agri-Tech Manufacturing Inc., which specializes in agricultural equipment production, Local Agronomy Solutions LLC, which offers soil preparation services to farmers in the area, and Aldrich Auto Repair which works as a full-service auto repair shop for residents of the town.
Aldrich township has an unemployment rate of 6.9%. The US average is 6.0%.
Aldrich township has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 4.3%, which is lower than the US average of 33.5%.
Tax Rates for Aldrich township
- The Sales Tax Rate for Aldrich township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Aldrich 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 Aldrich township
- The average income of a Aldrich township resident is $25,927 a year. The US average is $28,555 a year.
- The Median household income of a Aldrich township resident is $75,594 a year. The US average is $69,021 a year.