Kasota Township, MN is a small rural area located in the south-central part of Minnesota. It is known for its vibrant community and strong business sector, which includes companies such as First Farmers & Merchants Bank, Kasota Lumberyard, and Midwest Packaging. First Farmers & Merchants Bank provides numerous financial services including checking accounts, savings accounts, loan products, and more. Kasota Lumberyard specializes in providing quality lumber to meet the needs of local businesses and homeowners. Finally, Midwest Packaging offers a variety of packaging options from boxes to envelopes and beyond. All three of these companies provide exemplary services to the residents of Kasota Township and the surrounding area.
Kasota township has an unemployment rate of 6.8%. The US average is 6.0%.
Kasota township has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Kasota township
- The Sales Tax Rate for Kasota township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Kasota 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 Kasota township
- The average income of a Kasota township resident is $33,009 a year. The US average is $28,555 a year.
- The Median household income of a Kasota township resident is $103,438 a year. The US average is $69,021 a year.