Heron Lake Township, MN is an ideal place to live for anyone looking for a balance between affordability and comfort. Rent prices in Heron Lake Township are much lower than national averages, with 2 bedroom rental units costing only $840 per month - nearly 40% less than the US average of $1,430. Similarly, grocery costs index at 94 versus the US benchmark of 100, making it significantly more affordable to shop for groceries in Heron Lake Township.
The local economy gives residents plenty of options too. With companies such as Heron Lake Foods, Morsch Plumbing & Heating, Dan's Tire Service and others providing goods and services to the community there are always jobs available in a variety of fields.
The cost of living in Heron Lake Township is excellent due to low rent prices and groceries costs, which on combine with local job opportunities make it a great place to call home.
Heron Lake township has an unemployment rate of 4.3%. The US average is 6.0%.
Heron Lake 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 6.7%, which is lower than the US average of 33.5%.
Tax Rates for Heron Lake township
- The Sales Tax Rate for Heron Lake township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Heron Lake 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 Heron Lake township
- The average income of a Heron Lake township resident is $28,553 a year. The US average is $37,638 a year.
- The Median household income of a Heron Lake township resident is $68,750 a year. The US average is $69,021 a year.