Iona Township (Todd Cnty), MN is a small rural area located in central Minnesota. The area is known for its lakes, outdoor recreation opportunities, and its quaint small-town feel. Local companies include Todd County Grain & Supply, an agricultural store and feed mill; Iona Motors, a full-service automotive repair shop; Iona Township Pharmacy & Gifts; and Devin's Grill & Pub. With a moderate cost of living compared to the US, residents of Iona Township can enjoy comfortable living at an affordable price. Rent for a two-bedroom apartment averages $840 per month (versus $1,430 in the US), and local grocery costs are 94 on the index versus 100 in the US. This makes it more affordable to live in Iona Township (Todd Cnty) than many other areas of Minnesota or across the nation.
Iona township (Todd County) has an unemployment rate of 5.4%. The US average is 6.0%.
Iona township (Todd County) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Iona township (Todd County)
- The Sales Tax Rate for Iona township (Todd County) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Iona township (Todd 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 Iona township (Todd County)
- The average income of a Iona township (Todd County) resident is $16,226 a year. The US average is $37,638 a year.
- The Median household income of a Iona township (Todd County) resident is $49,808 a year. The US average is $69,021 a year.