Norman township (Yellow Medicine County), MN Economy


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United States / Minnesota / No Metro Area / Yellow Medicine County / Norman township (Yellow Medicine County) / Zip Codes
Norman township (Yellow Medicine Cnty), MN is a small rural community located in the southwestern part of the state. It is known for its low cost of living and friendly atmosphere. The average two-bedroom rent in Norman township is $850 compared to the US average of $1,430 and the grocery cost index is 95 versus 100 nationally. There are many local businesses in the area, such as Robinson's SuperValu, Lewiston State Bank, Ace Hardware, and Golden Grain Co-Op. Residents enjoy great amenities like outdoor recreation with nearby lakes and parks, or taking in a show at the local theater. There are also plenty of educational opportunities with excellent schools and universities close by.

Norman township (Yellow Medicine County) has an unemployment rate of 4.4%. The US average is 6.0%.

Norman township (Yellow Medicine County) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.

Tax Rates for Norman township (Yellow Medicine County)
- The Sales Tax Rate for Norman township (Yellow Medicine County) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Norman township (Yellow Medicine County) 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 Norman township (Yellow Medicine County)
- The average income of a Norman township (Yellow Medicine County) resident is $31,217 a year. The US average is $28,555 a year.
- The Median household income of a Norman township (Yellow Medicine County) resident is $72,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorman township (Yellow Medicine County), MinnesotaUnited States
  4.46
  -1.6%-6.2%
  14.9%33.5%
  6.9%6.2%
  7.1%4.6%
  $24,929$37,638
  $72,917$69,021
  $73,472$85,028
  Population by Occupation
  25.2%1.2%
  0.0%0.5%
  8.1%6.8%
  9.9%10.0%
  2.7%2.5%
  5.4%11.0%
  1.8%4.8%
  0.0%0.8%
  4.5%1.9%
  0.9%4.7%
  0.0%1.9%
  1.8%7.6%
  0.9%0.1%
  0.0%4.2%
  9.9%9.3%
  21.6%14.0%
  0.0%2.1%
  0.0%7.0%
  6.3%4.8%
  0.9%4.7%
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