May township (Washington County), MN Economy


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May Township (Washington Cnty), MN is a bustling community located in Washington County. The town offers an array of amenities such as schools, libraries, shopping centers, and restaurants. It is also home to many local businesses such as Abdo Engineering, Ace Electric Co., and Beck’s Hardware. The cost of living in May Township is slightly higher than the US average with the 2 bedroom rent being $1480 per month compared to $1430 in the US. Additionally, the Grocery Cost Index is 104 versus 100 in the US. This means that grocery items are more expensive in May Township than elsewhere nationally. Despite this, residents enjoy all the local amenities that make this town so special.

May township (Washington County) has an unemployment rate of 3.9%. The US average is 6.0%.

May township (Washington County) 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 36.4%, which is higher than the US average of 33.5%.

Tax Rates for May township (Washington County)
- The Sales Tax Rate for May township (Washington County) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for May township (Washington County) 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 May township (Washington County)
- The average income of a May township (Washington County) resident is $72,680 a year. The US average is $37,638 a year.
- The Median household income of a May township (Washington County) resident is $129,853 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMay township (Washington County), MinnesotaUnited States
  3.96
  -3.7%-6.2%
  36.4%33.5%
  7.1%6.2%
  7.1%4.6%
  $72,680$37,638
  $129,853$69,021
  $137,222$85,028
  Population by Occupation
  6.3%1.2%
  0.0%0.5%
  9.1%6.8%
  9.0%10.0%
  3.6%2.5%
  11.5%11.0%
  8.5%4.8%
  0.3%0.8%
  0.9%1.9%
  7.0%4.7%
  0.0%1.9%
  9.6%7.6%
  0.5%0.1%
  0.0%4.2%
  5.7%9.3%
  13.4%14.0%
  2.1%2.1%
  3.4%7.0%
  4.4%4.8%
  4.6%4.7%
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