New London township, MN is a great place to live with many amenities available to its residents. The rent for 2 bedroom homes in New London township, MN is much lower than the US average at $770 compared to $1,430. As far as groceries are concerned, the cost index in New London township, MN is lower than the US at 99 compared to 100. This makes it an ideal destination for those wanting to save money while still getting the same quality of goods and services as other places around the country.
The township offers a variety of local businesses and attractions that make it an attractive place to live. Local companies include Northstar Automotive Services, Quarry Hill Nature Center, and JD's Bar & Grill. Quarry Hill Nature center offers miles of trails for hiking and biking while Northstar Automotive Services provides complete car care services for local drivers. Finally, JD's Bar & Grill offers some of the best food in town along with live music on weekends.
In conclusion, New London township, MN offers residents lower living costs and a variety of local businesses and attractions when compared with national averages. This makes it an ideal destination for those looking for great amenities without breaking their bank accounts.
New London township has an unemployment rate of 4.9%. The US average is 6.0%.
New London township has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for New London township
- The Sales Tax Rate for New London township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for New London 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 New London township
- The average income of a New London township resident is $42,271 a year. The US average is $37,638 a year.
- The Median household income of a New London township resident is $93,478 a year. The US average is $69,021 a year.