Deerfield township (Steele County), MN Economy


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United States / Minnesota / Owatonna Metro Area / Steele County / Deerfield township (Steele County) / Zip Codes
Deerfield Township (Steele Cnty), MN is a vibrant and welcoming community located in the heart of Steele County. It is home to numerous local businesses, such as The Vintage Wood Co., which provides woodworking services for furniture repairs, restorations, and custom builds. The town also offers plenty of attractions for visitors, including Lake Tetonka State Park with its over 1,900 acres of pristine wilderness and Nye's Greenhouse & Garden Center where you can find a variety of plants and flowers. Other noteworthy landmarks include the historic Deerfield Church, built in 1879 and one of the oldest churches in the area. With its abundant amenities, scenic nature trails, and friendly atmosphere it is no wonder that Deerfield Township (Steele Cnty) is considered one of Minnesota's best places to call home.

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

Deerfield township (Steele County) has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.

Tax Rates for Deerfield township (Steele County)
- The Sales Tax Rate for Deerfield township (Steele County) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Deerfield township (Steele 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 Deerfield township (Steele County)
- The average income of a Deerfield township (Steele County) resident is $29,562 a year. The US average is $28,555 a year.
- The Median household income of a Deerfield township (Steele County) resident is $82,083 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDeerfield township (Steele County), MinnesotaUnited States
  4.96
  -6.2%-6.2%
  14.8%33.5%
  7.4%6.2%
  7.1%4.6%
  $38,191$37,638
  $82,083$69,021
  $85,750$85,028
  Population by Occupation
  14.2%1.2%
  0.0%0.5%
  8.7%6.8%
  16.2%10.0%
  1.0%2.5%
  9.7%11.0%
  7.8%4.8%
  0.0%0.8%
  1.0%1.9%
  3.9%4.7%
  0.3%1.9%
  0.6%7.6%
  0.0%0.1%
  6.5%4.2%
  6.8%9.3%
  13.6%14.0%
  0.3%2.1%
  1.6%7.0%
  5.5%4.8%
  2.3%4.7%
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