Hallock township, MN is a small rural community located in Kittson county. The township has a population of about 800 people, with most living in the unincorporated hamlet of Hallock. Despite its small size, Hallock township has a vibrant economy that contributes to the local area’s well-being. Companies like Northland Implement, B&J Service and Supply, and Aanderson’s Farm Equipment have been successful in providing agricultural equipment to farmers in the surrounding area for many years. Other businesses include lumber yards and a family-owned grocery store that serves visitors and locals alike. Housing costs are much lower than US averages at $810 for a two bedroom rental. Grocery cost index is also comparatively low at 93 versus the US average of 100. All these factors contribute to making Hallock township an attractive place to live and work for those with an entrepreneurial spirit.
Hallock township has an unemployment rate of 4.0%. The US average is 6.0%.
Hallock township has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Hallock township
- The Sales Tax Rate for Hallock township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hallock 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 Hallock township
- The average income of a Hallock township resident is $36,714 a year. The US average is $37,638 a year.
- The Median household income of a Hallock township resident is $131,250 a year. The US average is $69,021 a year.