Felton Township, MN is a small town located in the south-central part of the state. It has a number of local businesses and establishments, such as Felton Hardware Store, Felton Auto Sales and Repair, and Felton Grocery Store. The cost of living is relatively low in this area – 2 bedroom rent is $1,090 compared to the US average of $1,430; grocery costs are also significantly lower at 95 on the index compared to 100 in the US. This makes it an attractive option for those looking for affordable housing options with plenty of amenities nearby.
Felton township has an unemployment rate of 3.8%. The US average is 6.0%.
Felton township has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Felton township
- The Sales Tax Rate for Felton township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Felton 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 Felton township
- The average income of a Felton township resident is $32,874 a year. The US average is $37,638 a year.
- The Median household income of a Felton township resident is $58,750 a year. The US average is $69,021 a year.