Hubbard township (Polk County), MN Economy


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Hubbard township (Polk Cnty), MN is a great place to live with plenty of amenities. The 2 bedroom rent at Hubbard township (Polk Cnty), MN is significantly lower than the US average, just $820 compared to $1,430. Plus, grocery cost index in Hubbard township (Polk Cnty), MN is 95 versus 100 in the US, which allows residents to save even more money on food. There are lots of great local companies located within the township such as Polk County Farm Bureau, Hillcrest Family Services and S&S Transport. All of these businesses provide great opportunities for employment and contribute to the vibrancy of the community.

Hubbard township (Polk County) has an unemployment rate of 4.9%. The US average is 6.0%.

Hubbard township (Polk County) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.

Tax Rates for Hubbard township (Polk County)
- The Sales Tax Rate for Hubbard township (Polk County) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Hubbard township (Polk 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 Hubbard township (Polk County)
- The average income of a Hubbard township (Polk County) resident is $36,288 a year. The US average is $37,638 a year.
- The Median household income of a Hubbard township (Polk County) resident is $57,813 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHubbard township (Polk County), MinnesotaUnited States
  4.96
  -3.4%-6.2%
  24.2%33.5%
  7.1%6.2%
  7.1%4.6%
  $36,288$37,638
  $57,813$69,021
  $75,000$85,028
  Population by Occupation
  44.7%1.2%
  0.0%0.5%
  5.3%6.8%
  2.6%10.0%
  0.0%2.5%
  10.5%11.0%
  5.3%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  2.6%9.3%
  18.4%14.0%
  2.6%2.1%
  0.0%7.0%
  7.9%4.8%
  0.0%4.7%
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