Foster Township (Faribault County), Minnesota, is a small rural community with a relaxed atmosphere and a friendly population. It has access to great outdoor activities such as fishing, camping, and hunting. The cost of living in Foster Township is relatively affordable with an average two-bedroom rent of $840 per month which is significantly lower than the national average of $1,430 per month. Groceries are also more affordable here with a grocery cost index of 92 versus 100 in the US. Local businesses that are popular include Faribault Family Foods, Countryside Antiques & Gift Boutique, and Prairie Wind Antiques & Gifts. With its low cost of living and charming atmosphere, Foster Township is an attractive place to live and work.
Foster township (Faribault County) has an unemployment rate of 5.2%. The US average is 6.0%.
Foster township (Faribault County) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Foster township (Faribault County)
- The Sales Tax Rate for Foster township (Faribault County) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Foster township (Faribault 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 Foster township (Faribault County)
- The average income of a Foster township (Faribault County) resident is $33,905 a year. The US average is $28,555 a year.
- The Median household income of a Foster township (Faribault County) resident is $81,250 a year. The US average is $69,021 a year.