St. Charles township, MN Economy


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St. Charles township, MN is a great place to live. It has a low cost of living with relatively cheap rent for two bedroom apartments averaging around $1,030 compared to the US average of $1,430. Groceries are also much cheaper in St. Charles than the national average, with an index rating of 98 versus 100 for the US.
St Charles township is home to multiple attractions such as Miller Hill Mall which offers plenty of shopping options and nearby ski hills like Spirit Mountain, where you can enjoy skiing and snowboarding during winter months. The area also houses several local businesses such as M&M Manufacturing Company that specializes in custom parts for machinery and Douglas Machine that specializes in manufacturing automation equipment. Overall St Charles township offers a great combination of both recreation and work opportunities for people looking for a safe and affordable place to live.

St. Charles township has an unemployment rate of 3.7%. The US average is 6.0%.

St. Charles township has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.

Tax Rates for St. Charles township
- The Sales Tax Rate for St. Charles township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for St. Charles 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 St. Charles township
- The average income of a St. Charles township resident is $26,111 a year. The US average is $28,555 a year.
- The Median household income of a St. Charles township resident is $102,656 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySt. Charles township, MinnesotaUnited States
  3.76
  -3.5%-6.2%
  24.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $32,475$37,638
  $102,656$69,021
  $102,813$85,028
  Population by Occupation
  14.0%1.2%
  0.0%0.5%
  14.0%6.8%
  22.8%10.0%
  3.2%2.5%
  8.1%11.0%
  4.6%4.8%
  0.7%0.8%
  0.4%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  1.8%4.2%
  13.3%9.3%
  12.6%14.0%
  0.0%2.1%
  2.5%7.0%
  1.1%4.8%
  1.1%4.7%
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