Staples township, MN Economy


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United States / Minnesota / No Metro Area / Todd County / Staples township / Zip Codes
Staples township, MN is a small town located in the state of Minnesota. The town has a population of around 4,500 people and it offers its residents plenty of entertainment and activities. The average two bedroom rent in Staples township is $850, which is much cheaper than the national average of $1,430. Grocery costs here are also lower than the national average; with an Index score of 94 compared to 100 for the US. There are several local businesses that offer employment opportunities and services to residents including staples brewing co., staples auto body & repair shop, staples school district, and the staples public library. The town also boasts several recreational activities such as hiking trails, fishing spots, golf courses, and tennis courts for residents to enjoy in their free time.

Staples township has an unemployment rate of 5.4%. The US average is 6.0%.

Staples township has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.

Tax Rates for Staples township
- The Sales Tax Rate for Staples township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Staples 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 Staples township
- The average income of a Staples township resident is $24,880 a year. The US average is $28,555 a year.
- The Median household income of a Staples township resident is $48,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyStaples township, MinnesotaUnited States
  5.46
  0.8%-6.2%
  35.6%33.5%
  7.4%6.2%
  7.1%4.6%
  $24,741$37,638
  $48,125$69,021
  $53,295$85,028
  Population by Occupation
  10.2%1.2%
  0.0%0.5%
  10.6%6.8%
  11.9%10.0%
  0.7%2.5%
  11.3%11.0%
  6.8%4.8%
  0.7%0.8%
  4.1%1.9%
  1.4%4.7%
  0.0%1.9%
  1.0%7.6%
  0.0%0.1%
  1.0%4.2%
  7.5%9.3%
  17.7%14.0%
  0.3%2.1%
  7.9%7.0%
  2.7%4.8%
  4.1%4.7%
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