Springfield township, MN is an idyllic small town nestled in the heart of Minnesota. It's a great place to live due to its affordability; the median rent for a 2-bedroom apartment is $830 compared to the US median rent of $1,430. Grocery costs are also lower than the national average; the local grocery cost index in Springfield township is 94 compared to 100 in the US. \nThe town has several local businesses that contribute to its quaint charm including The Donut House, which serves up delicious coffee and fresh donuts daily, Springs Coffee Company which offers locally roasted coffee beans and specialty drinks, and Little Sprouts Boutique which offers unique clothing items for children of all sizes. Residents are proud of their local businesses and enjoy taking part in the vibrant culture found in Springfield township.
Springfield township (Cottonwood County) has an unemployment rate of 4.1%. The US average is 6.0%.
Springfield township (Cottonwood County) has seen the job market increase by 4.8% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Springfield township (Cottonwood County)
- The Sales Tax Rate for Springfield township (Cottonwood County) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Springfield township (Cottonwood 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 Springfield township (Cottonwood County)
- The average income of a Springfield township (Cottonwood County) resident is $28,332 a year. The US average is $37,638 a year.
- The Median household income of a Springfield township (Cottonwood County) resident is $70,972 a year. The US average is $69,021 a year.