Stanchfield Township, Minnesota is a great place to live due to its affordability and convenience. The average 2 bedroom rent is $1,670, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Stanchfield township is 99 compared to 100 in the US. This makes it easier for residents to save money on groceries and other necessities. Residents of Stanchfield Township can take advantage of local companies such as ABC Supply Co., Inc., North Central Electric, and Fireworks Technology Solutions that provide quality services and products in the area. All in all, living in Stanchfield Township provides residents with easy access to essential services and products at an affordable cost.
Stanchfield township has an unemployment rate of 6.2%. The US average is 6.0%.
Stanchfield township has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Stanchfield township
- The Sales Tax Rate for Stanchfield township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Stanchfield 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 Stanchfield township
- The average income of a Stanchfield township resident is $29,489 a year. The US average is $37,638 a year.
- The Median household income of a Stanchfield township resident is $64,940 a year. The US average is $69,021 a year.