Kerrick township, MN is a great place for those looking for services at an affordable cost. Located in Minnesota, Kerrick township is home to many local businesses such as Ace Hardware, Dave's Pizza, The Hatchery Bar & Grill and more. In terms of cost of living, 2 bedroom rent in Kerrick township is significantly lower than that of the US average at $1,070 versus $1,430 respectively. Additionally, the grocery cost index in Kerrick township is 98 whereas it sits at 100 in the US. In conclusion Kerrick township offers great affordability for its residents along with great local amenities.
Kerrick township has an unemployment rate of 7.7%. The US average is 6.0%.
Kerrick township has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Kerrick township
- The Sales Tax Rate for Kerrick township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Kerrick 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 Kerrick township
- The average income of a Kerrick township resident is $25,074 a year. The US average is $28,555 a year.
- The Median household income of a Kerrick township resident is $62,708 a year. The US average is $69,021 a year.