Good Hope township (Itasca Cnty), MN is a small town with a population of around 4,500. The cost of living in Good Hope township is relatively low, with 2 bedroom rent at around $1,020 and the Grocery Cost Index being 95 compared to the US average of 100. The town offers plenty of opportunities for its residents with many local businesses thriving in the area. These include popular places like Stony Creek Bar & Grill, Good Hope Café and Bakery, and Joe’s Auto Repair. There are also plenty of recreational activities such as fishing and hiking available in it's close proximity making Good Hope township a great place to live and work.
Good Hope township (Itasca County) has an unemployment rate of 6.2%. The US average is 6.0%.
Good Hope township (Itasca County) has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Good Hope township (Itasca County)
- The Sales Tax Rate for Good Hope township (Itasca County) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Good Hope township (Itasca 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 Good Hope township (Itasca County)
- The average income of a Good Hope township (Itasca County) resident is $32,477 a year. The US average is $37,638 a year.
- The Median household income of a Good Hope township (Itasca County) resident is $46,875 a year. The US average is $69,021 a year.