Hector township, MN is a great place to live with plenty of local amenities. With a two bedroom rental price of $830, it is much more affordable than the US average of $1,430. Local businesses in Hector township include shops such as Dollar General and True Value hardware store. There are also many restaurants and cafes like the Corner Cafe & Bakery and Smokin' Hog BBQ restaurant. The cost of groceries in Hector township is 95 compared to the national average index score of 100, meaning that everyday items such as bread or milk can be bought at cheaper prices here. For example, a loaf of bread might cost around $2.50 at most stores.
Hector township has an unemployment rate of 5.9%. The US average is 6.0%.
Hector township has seen the job market increase by 6.7% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Hector township
- The Sales Tax Rate for Hector township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hector 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 Hector township
- The average income of a Hector township resident is $33,949 a year. The US average is $28,555 a year.
- The Median household income of a Hector township resident is $71,250 a year. The US average is $69,021 a year.