Deer River township in Minnesota is a great place to live. It offers affordable housing with two bedroom rent averaging around $970 per month, which is significantly lower than the US average of $1,430. The cost of groceries in Deer River township is also lower than the US rate, with an index of 96 compared to 100 in the US. One of the biggest local employers in Deer River township is Great Lakes Timber Co., which employs over 500 people throughout the area and provides a wide range of services such as tree removal and land restoration. There are also several small businesses operating within the town, offering basic necessities such as restaurants, grocery stores, and hardware stores. Deer River township is home to many outdoor activities and attractions such as hiking trails, parks, lakes for fishing and swimming, and recreational opportunities for all ages.
Deer River township has an unemployment rate of 6.2%. The US average is 6.0%.
Deer River township has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Deer River township
- The Sales Tax Rate for Deer River township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Deer River 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 Deer River township
- The average income of a Deer River township resident is $32,858 a year. The US average is $37,638 a year.
- The Median household income of a Deer River township resident is $44,375 a year. The US average is $69,021 a year.