Floodwood township, MN is a small town located in Minnesota. The town offers affordable living with two bedroom rent at only $820 compared to $1,430 across the United States. Grocery costs are also more affordable in Floodwood Township, with an index of 93 versus 100 in the US. \nThe town is home to many businesses including Floodwood Store & Cafe, Northern Lights Auto Care, Cedar Creek Lodge & RV Park and more. Residents enjoy amenities like outdoor recreation areas such as Pine Lake and access to nearby cities for shopping or entertainment. Floodwood Township provides a quiet rural lifestyle for those looking for a break from city life.
Floodwood township has an unemployment rate of 4.8%. The US average is 6.0%.
Floodwood township has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Floodwood township
- The Sales Tax Rate for Floodwood township is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Floodwood 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 Floodwood township
- The average income of a Floodwood township resident is $32,620 a year. The US average is $37,638 a year.
- The Median household income of a Floodwood township resident is $67,500 a year. The US average is $69,021 a year.