Elizabeth township, MN is a small community located in the Midwest. The 2 bedroom rent in Elizabeth township is quite affordable compared to the US average at $860 versus $1,430. Grocery goods are also comparatively cheaper as the grocery cost index in Elizabeth township is 97 against 100 in the US. This makes Elizabeth township an attractive place to live for those looking for a more budget friendly lifestyle. The area boasts some popular local businesses such as Choice Bank, North Pharmacy and Northern Lights Floral & Gifts. With its low cost of living, Elizabeth township makes it easy for families to afford rent and groceries while still enjoying a high quality of life.
Elizabeth township has an unemployment rate of 5.3%. The US average is 6.0%.
Elizabeth township has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Elizabeth township
- The Sales Tax Rate for Elizabeth township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Elizabeth 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 Elizabeth township
- The average income of a Elizabeth township resident is $39,836 a year. The US average is $28,555 a year.
- The Median household income of a Elizabeth township resident is $111,667 a year. The US average is $69,021 a year.