Racine township, MN is a great place to live with its affordable housing prices and lower cost of living. The average two-bedroom rent in Racine township is $920 compared to the US average rent of $1,430, making it an ideal place for people on a budget looking to move away from larger cities. The grocery cost index in Racine township is also lower than the US average at 98, which can help you save money when shopping for groceries. \nThe local economy in Racine township is well supported by companies such as 3M Corporation, When Pigs Fly Bakery & Cafe, Synergy Services LLC, and Viking Industrial Products LLC. These businesses contribute greatly to the overall economic well-being of the town and provide jobs for many local residents. \nOverall, living in Racine township can be beneficial due to its low cost of living and availability of local employment opportunities. With its affordable housing prices and low grocery costs it makes for a great place to live within your means.
Racine township has an unemployment rate of 4.2%. The US average is 6.0%.
Racine township has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Racine township
- The Sales Tax Rate for Racine township is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Racine 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 Racine township
- The average income of a Racine township resident is $27,787 a year. The US average is $28,555 a year.
- The Median household income of a Racine township resident is $113,036 a year. The US average is $69,021 a year.