Morgan Township, MN is a small town located in Hennepin County, Minnesota. It is known for its low cost of living and friendly atmosphere, with a median two bedroom rent of $820 compared to the US national average of $1,430. The grocery cost index in Morgan township is 94 compared to 100 in the US, making it an attractive option for those looking for an affordable place to live.
The town boasts many local companies including The Morgan Diner, Klein's Hardware Store, and Reiter Insurance Agency. All three businesses are family owned and operated and have been part of the community for generations. Morgan Township also offers several parks with miles of trails for outdoor recreation activities such as hiking, biking, and birding. There are also plenty of shops and restaurants to explore when you need a break from nature. With all these amenities combined with its affordability, Morgan Township is an ideal location for anyone looking to move away from the hustle and bustle of city life.
Morgan township has an unemployment rate of 5.5%. The US average is 6.0%.
Morgan township has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Morgan township
- The Sales Tax Rate for Morgan township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Morgan 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 Morgan township
- The average income of a Morgan township resident is $29,900 a year. The US average is $28,555 a year.
- The Median household income of a Morgan township resident is $69,821 a year. The US average is $69,021 a year.