Carlos township, MN is an affordable place to call home. The cost of living is very manageable with a 2 bedroom rent costing only $870 compared to the US average of $1,430. Grocery costs in Carlos township are also on par with the national average index of 100. This makes it easy for residents to live comfortably on a budget.
The local economy is thriving and provides plenty of opportunities for work and growth. There are many businesses located in the area such as Smith's Manufacturing, Anderson's Auto Repair, Smythe's Produce Market, and Thompson Bakery. Residents also benefit from numerous amenities like parks, recreational centers, libraries, restaurants, and grocery stores that provide essential services for everyday life.
Carlos township has an unemployment rate of 4.1%. The US average is 6.0%.
Carlos township has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Carlos township
- The Sales Tax Rate for Carlos township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Carlos 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 Carlos township
- The average income of a Carlos township resident is $42,153 a year. The US average is $28,555 a year.
- The Median household income of a Carlos township resident is $91,701 a year. The US average is $69,021 a year.