Freeborn township, MN is a beautiful town located in Minnesota with an array of amenities available to its residents. It has a low 2 bedroom rent price of $840, which is nearly half of the US average at $1,430. Additionally, the grocery cost index in Freeborn township is 94 versus 100 in the US making it a very affordable place to live. This is great news for its inhabitants who are able to take advantage of local companies like Walmart Supercenter and Aldi grocery stores that offer competitive prices. Despite slightly higher costs than other towns in Freeborn township, MN, its low cost of living makes it an ideal destination for people hoping to find an affordable lifestyle.
Freeborn township has an unemployment rate of 4.5%. The US average is 6.0%.
Freeborn township has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Freeborn township
- The Sales Tax Rate for Freeborn township is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Freeborn 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 Freeborn township
- The average income of a Freeborn township resident is $45,582 a year. The US average is $37,638 a year.
- The Median household income of a Freeborn township resident is $68,750 a year. The US average is $69,021 a year.