Lake Benton Township is a small town located in Minnesota. Living in Lake Benton Township is convenient and affordable - with an average 2 bedroom rent of $820 compared to $1,430 across the US. For groceries, the cost index is 96 versus 100 in the US. There are many companies based here such as Mid-Minnesota Federal Credit Union, AG Parts & Service Inc., and S&S Carpet Cleaning which help provide services for its residents. The low cost of living makes it a great place to live and work.
Lake Benton township has an unemployment rate of 5.7%. The US average is 6.0%.
Lake Benton township has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Lake Benton township
- The Sales Tax Rate for Lake Benton township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lake Benton 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 Lake Benton township
- The average income of a Lake Benton township resident is $39,015 a year. The US average is $37,638 a year.
- The Median household income of a Lake Benton township resident is $0 a year. The US average is $69,021 a year.