Morris Township, MN is an ideal location for renters or those looking to start a family. The median rent for a two-bedroom unit is $960, significantly lower than the US average of $1,430. This makes Morris Township a great choice for those living on a budget. The Grocery Cost Index in Morris township is also quite favorable, coming in at 99 versus 100 in the US.
Morris township is home to several local companies such as First National Bank and United FCS Coop Association which provide banking services and agricultural assistance respectively. Furthermore, residents have access to many outdoor activities such as fishing and hiking throughout the area's parks and trails. Residents here enjoy all of these benefits minus the higher cost of living seen elsewhere in the US.
Morris township has an unemployment rate of 3.8%. The US average is 6.0%.
Morris township has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Morris township
- The Sales Tax Rate for Morris township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Morris 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 Morris township
- The average income of a Morris township resident is $35,072 a year. The US average is $28,555 a year.
- The Median household income of a Morris township resident is $82,292 a year. The US average is $69,021 a year.