Salem township (Olmsted Cnty), MN is a great place to live! The two bedroom rent of only $1,270 in this township is very attractive when compared to the US average of $1,430. Not only that, but the cost of goods for residents in Salem township are more affordable than other areas with an index score of 101 compared to 100 for the entire country. There are plenty of local companies and businesses as well as parks and attractions for visitors to explore. Some popular companies include Olmsted Medical Center, Hy-Vee Grocery Store, and Home Depot. For people looking for outdoor fun there are many public parks such as Silver Lake Park and Pondview Park or attractions like the Plummer House where history buffs can learn about the area’s past. Whether you’re looking for a place to call home or just wanting a new destination to explore, Salem township (Olmsted Cnty), MN is definitely worth considering.
Salem township (Olmsted County) has an unemployment rate of 3.7%. The US average is 6.0%.
Salem township (Olmsted County) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Salem township (Olmsted County)
- The Sales Tax Rate for Salem township (Olmsted County) is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Salem township (Olmsted 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 Salem township (Olmsted County)
- The average income of a Salem township (Olmsted County) resident is $38,410 a year. The US average is $28,555 a year.
- The Median household income of a Salem township (Olmsted County) resident is $86,250 a year. The US average is $69,021 a year.