Luverne township, MN is a small town located in the state of Minnesota. It is situated close to larger cities such as Sioux Falls and Minneapolis, allowing for easy access to employment opportunities, leisure activities, and more. The town has a strong sense of community with its residents being very friendly and welcoming to newcomers. The cost of living in Luverne Township is relatively low compared to other parts of Minnesota. Two bedroom rent prices are $890 a month while the US average for two bedroom rent is $1,430 a month. Additionally, the Grocery Cost Index in Luverne Township is 98 compared to 100 in the US.
The town has several local companies that provide goods and services to its residents such as Lykken Tractor Parts & Service Inc., Rock County Foods & Liquor Store, Cedar Valley Golf Course & Resort, Trucker’s Cafe & Grill and St Luke’s Lutheran Church. Luverne township provides excellent access to nearby cities while still having a secluded feeling that allows people to relax away from the hustle and bustle of city life.
Luverne township has an unemployment rate of 2.7%. The US average is 6.0%.
Luverne township has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Luverne township
- The Sales Tax Rate for Luverne township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Luverne 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 Luverne township
- The average income of a Luverne township resident is $30,527 a year. The US average is $28,555 a year.
- The Median household income of a Luverne township resident is $103,750 a year. The US average is $69,021 a year.