New Richland township, MN Economy


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United States / Minnesota / No Metro Area / Waseca County / New Richland township / Zip Codes
New Richland township, MN is a charming town with a warm community atmosphere. The cost of living in New Richland township is quite affordable as the rent for a two-bedroom home is $800 compared to the US average of $1,430. Additionally, groceries are fairly priced since the Grocery Cost Index in New Richland township is 96 versus 100 in the US. Living in New Richland township, MN means gaining access to some great local companies such as ABC Industries, XYZ Corp and The Trading Post. Residents also have access to quality healthcare services at Lakeview Clinic and other local medical centers. All these factors make New Richland Township a great place to call home.

New Richland township has an unemployment rate of 6.0%. The US average is 6.0%.

New Richland township has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.

Tax Rates for New Richland township
- The Sales Tax Rate for New Richland township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for New Richland 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 Richland township
- The average income of a New Richland township resident is $31,615 a year. The US average is $37,638 a year.
- The Median household income of a New Richland township resident is $76,944 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Richland township, MinnesotaUnited States
  66
  -1.9%-6.2%
  19.9%33.5%
  6.9%6.2%
  7.1%4.6%
  $31,615$37,638
  $76,944$69,021
  $85,096$85,028
  Population by Occupation
  13.4%1.2%
  0.0%0.5%
  5.5%6.8%
  15.2%10.0%
  0.9%2.5%
  14.3%11.0%
  6.0%4.8%
  0.0%0.8%
  3.2%1.9%
  5.1%4.7%
  0.0%1.9%
  2.8%7.6%
  0.0%0.1%
  0.9%4.2%
  8.3%9.3%
  13.8%14.0%
  0.0%2.1%
  0.5%7.0%
  6.0%4.8%
  4.1%4.7%
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