Granite Falls Township, MN is a great place to live with an affordable cost of living. The 2 bedroom rent in Granite Falls Township is $810 which is significantly lower than the national average of $1,430. The Grocery Cost Index in Granite Falls township is 95 versus the US at 100 indicating lower costs for groceries as well. Local businesses in the area include L&M Market, Mel's Diner, and Main Street Pizza & Taproom. Overall, Granite Falls township is a great place to live with an affordable cost of living compared to other areas in the US.
Granite Falls township has an unemployment rate of 4.4%. The US average is 6.0%.
Granite Falls township has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Granite Falls township
- The Sales Tax Rate for Granite Falls township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Granite Falls 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 Granite Falls township
- The average income of a Granite Falls township resident is $25,555 a year. The US average is $37,638 a year.
- The Median household income of a Granite Falls township resident is $59,821 a year. The US average is $69,021 a year.