Geneva township, MN is a beautiful and vibrant town located in the heart of Minnesota. It offers a variety of activities for families and individuals alike. The average 2 bedroom rent in Geneva township is slightly lower than the US average at $920 per month, making housing more affordable for residents. The Grocery Cost Index in Geneva township is also lower than the US average, giving local residents an extra boost when it comes to their grocery bills.
The town has many local businesses that contribute to its economy such as Geneva Millwork & Supply Co., Joe's Auto Sales, and Bear River Valley Estates. These businesses provide quality goods and services for the community while providing employment opportunities to local citizens. Overall, Geneva Township is a great place to live with an affordable cost of living.
Geneva township has an unemployment rate of 4.5%. The US average is 6.0%.
Geneva township has seen the job market decrease by -0.4% 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 Geneva township
- The Sales Tax Rate for Geneva township is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Geneva 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 Geneva township
- The average income of a Geneva township resident is $28,724 a year. The US average is $28,555 a year.
- The Median household income of a Geneva township resident is $80,833 a year. The US average is $69,021 a year.