Montgomery Township, MN is a great place to live with its affordable housing and low cost of living. The average 2 bedroom rent is $1,080, compared to the US average of $1,430. This lower rent cost is not without its advantages - the Grocery Cost Index for Montgomery Township is 97 versus 100 in the US, meaning groceries are more affordable here than anywhere else. Businesses in Montgomery Township include local favorites such as Pho Life Vietnamese Cuisine, Montana’s Midwestern Bar & Grill, and Uptown Flower Company. Whether you’re looking to grab dinner or buy some flowers for a friend’s birthday, your options are plentiful in this vibrant part of town.
Montgomery township has an unemployment rate of 6.8%. The US average is 6.0%.
Montgomery township 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 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery township
- The Sales Tax Rate for Montgomery township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Montgomery 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 Montgomery township
- The average income of a Montgomery township resident is $38,737 a year. The US average is $37,638 a year.
- The Median household income of a Montgomery township resident is $90,000 a year. The US average is $69,021 a year.