Chester township (Polk County), MN Economy


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Chester Township (Polk Cnty), MN is a great place to live. The rent for a two bedroom apartment is noticeably lower than the national average, making it an attractive option for people looking to save money on housing costs. Additionally, the grocery cost index in Chester Township (Polk Cnty) is 95 versus 100 in the US, making groceries more affordable as well. The township offers many amenities to its residents including local companies such as Polk County Community Health, Hayes' Honey Depot, and Outdoor Country LLC. There are also plenty of outdoor recreational activities available such as fishing and hiking along the nearby scenic trails. All of these factors make Chester Township (Polk Cnty), MN an ideal place to call home.

Chester township (Polk County) has an unemployment rate of 4.9%. The US average is 6.0%.

Chester township (Polk County) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.

Tax Rates for Chester township (Polk County)
- The Sales Tax Rate for Chester township (Polk County) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Chester township (Polk County) 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 Chester township (Polk County)
- The average income of a Chester township (Polk County) resident is $29,756 a year. The US average is $28,555 a year.
- The Median household income of a Chester township (Polk County) resident is $117,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChester township (Polk County), MinnesotaUnited States
  4.96
  -3.4%-6.2%
  24.2%33.5%
  7.1%6.2%
  7.1%4.6%
  $54,984$37,638
  $117,500$69,021
  $131,875$85,028
  Population by Occupation
  55.6%1.2%
  0.0%0.5%
  11.1%6.8%
  0.0%10.0%
  0.0%2.5%
  7.4%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  3.7%9.3%
  14.8%14.0%
  0.0%2.1%
  0.0%7.0%
  7.4%4.8%
  0.0%4.7%
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