Forest Township (Rice Cnty), MN is a small town located in central Minnesota with an estimated population of over 800 people. The city offers an affordable cost of living in comparison to the US average, making it attractive to residents who want to enjoy all the amenities available while still saving money. Rent for two-bedroom apartments is around $970 per month, about 33% lower than the US average of $1,430 per month. Additionally, grocery cost index for this area is 99 compared to 100 at the national level. Some of the major local businesses in Forest Township (Rice Cnty) are Rice Creek Farms & Feed, Wilderness Car Wash & Detail Center, St. Paul's Lutheran Church and Palmers' Food Market.
Forest township (Rice County) has an unemployment rate of 4.2%. The US average is 6.0%.
Forest township (Rice County) has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Forest township (Rice County)
- The Sales Tax Rate for Forest township (Rice County) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Forest township (Rice 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 Forest township (Rice County)
- The average income of a Forest township (Rice County) resident is $35,953 a year. The US average is $28,555 a year.
- The Median household income of a Forest township (Rice County) resident is $115,833 a year. The US average is $69,021 a year.