Litchfield Township, MN is a great place to live with a relatively low cost of living. The average 2 bedroom rent is $900, which is much lower than the national average of $1,430. Furthermore, the Grocery Cost Index in Litchfield Township is 96 versus 100 in the US, offering even more savings to residents. There are many local businesses and amenities for residents to enjoy such as the Litchfield Skatepark, local stores like Main Street Market and an abundance of restaurants including Dano's Pizza & Italian Restaurant and Great China Buffet. With its low cost of living and nearby amenities, it's no wonder why so many people choose to call Litchfield Township home.
Litchfield township has an unemployment rate of 5.2%. The US average is 6.0%.
Litchfield township has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Litchfield township
- The Sales Tax Rate for Litchfield township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Litchfield 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 Litchfield township
- The average income of a Litchfield township resident is $40,487 a year. The US average is $37,638 a year.
- The Median household income of a Litchfield township resident is $85,804 a year. The US average is $69,021 a year.