Monticello township, MN is a great place to call home! Located in Wright County, this rural community is home to many local businesses such as Ace Hardware, Downtown Motors, and Reule's Saloon. Not only are there various businesses located within the city limits of Monticello township but there are also many recreational activities available to those living in the area. With an average 2 bedroom rent of $1,280 per month, compared to the national average of $1,430 per month, it makes this small town quite affordable. Further, grocery costs index for Monticello township is 100 versus 100 in the US which indicates that grocery costs are equal across both locations. All this makes Monticello township an ideal location for families looking for a quality place to settle down.
Monticello township has an unemployment rate of 4.5%. The US average is 6.0%.
Monticello 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 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Monticello township
- The Sales Tax Rate for Monticello township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Monticello 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 Monticello township
- The average income of a Monticello township resident is $31,885 a year. The US average is $28,555 a year.
- The Median household income of a Monticello township resident is $101,250 a year. The US average is $69,021 a year.