Jackson township (Scott County), MN Economy


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Jackson township, MN is a great place to live with its affordable rent and convenient access to groceries. The average two bedroom apartment rent in Jackson township is just $1,570, which is much lower than the US average of $1,430. Moreover, grocery costs are indexed at 101 compared to the US index of 100, meaning that groceries are just slightly more expensive in Jackson township than they are elsewhere in the US.
Local companies in Jackson township include MidCountry Bank, Regions Bank, The Village Bank and Bremer Bank. All of these banks offer competitive checking and savings accounts with low fees and rewards programs for customers who utilize them often. Additionally, there are ample restaurants such as Dallas on Main Street offering delicious food at reasonable prices. There are also several local shops for clothing and home goods like JC Penney's or Goodwill where you can find great deals on merchandise.

Jackson township (Scott County) has an unemployment rate of 4.1%. The US average is 6.0%.

Jackson township (Scott County) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 38.2%, which is higher than the US average of 33.5%.

Tax Rates for Jackson township (Scott County)
- The Sales Tax Rate for Jackson township (Scott County) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Jackson township (Scott 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 Jackson township (Scott County)
- The average income of a Jackson township (Scott County) resident is $28,788 a year. The US average is $37,638 a year.
- The Median household income of a Jackson township (Scott County) resident is $58,958 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyJackson township (Scott County), MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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