Silver Creek Township (Wright County), MN is an area that provides its residents with a great quality of life. Not only is the cost of living below the national average, but rent for a two bedroom apartment is $1,260 monthly as opposed to the US average of $1,430. Furthermore, the grocery cost index in Silver Creek township (Wright Cnty) is also lower than the US average at 100. It is no wonder why so many people are choosing to call this area home. Additionally, Silver Creek township (Wright Cnty) has various local companies and businesses such as Wright County Co-op Oil Company, Metal Craft Technologies Inc., and Waverly Motors Inc. that offer employment opportunities and contribute to the local economy.
Silver Creek township has an unemployment rate of 4.5%. The US average is 6.0%.
Silver Creek township has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Silver Creek township
- The Sales Tax Rate for Silver Creek township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Silver Creek 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 Silver Creek township
- The average income of a Silver Creek township resident is $46,770 a year. The US average is $37,638 a year.
- The Median household income of a Silver Creek township resident is $106,875 a year. The US average is $69,021 a year.