Kandiyohi township, MN is an excellent place to live for those who are looking for a cost-effective and comfortable lifestyle. The 2 bedroom rent is significantly lower than the US average at $840 per month while the Grocery Cost Index is also much lower than the US index at 96 versus 100. This makes it a great economical option for those looking to save money on living costs.
The area offers many different amenities such as schools, shopping, and entertainment options. Local companies in Kandiyohi township include Target, Walmart, Sam's Club, and Home Depot. There are also several eateries such as McDonald's, Burger King, Jimmy John's, and Subway. In addition to these businesses there are many small stores throughout the township offering a variety of goods and services.
The economy in Kandiyohi township is thriving due to its low living costs and convenient access to amenities. Unemployment rate is currently 4% which is slightly higher than the national average but still relatively low when compared to other areas of the state. Additionally, median household income within the township is around $50k per year which reflects a strong economic base of jobs and businesses in the community.
Kandiyohi township has an unemployment rate of 4.9%. The US average is 6.0%.
Kandiyohi township has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Kandiyohi township
- The Sales Tax Rate for Kandiyohi township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kandiyohi 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 Kandiyohi township
- The average income of a Kandiyohi township resident is $30,478 a year. The US average is $28,555 a year.
- The Median household income of a Kandiyohi township resident is $76,875 a year. The US average is $69,021 a year.