Stokes township (Itasca County), MN Economy


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United States / Minnesota / No Metro Area / Itasca County / Stokes township (Itasca County) / Zip Codes
Stokes Township (Itasca County), MN is a vibrant community located in the northern part of the state. The township offers an affordable cost of living with two bedroom rent costing around $960 and a Grocery Cost Index of 97 versus 100 in the US. Residents have access to a variety of local amenities including grocery stores, restaurants, boutiques, and parks. Local companies include Itasca County Public Utilities, First National Bank Northwoods, and Lakes Area Motors. Services available to residents include garbage collection, school bus transportation, medical services, and public safety.

Stokes township (Itasca County) has an unemployment rate of 6.2%. The US average is 6.0%.

Stokes township (Itasca County) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Stokes township (Itasca County)
- The Sales Tax Rate for Stokes township (Itasca County) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Stokes township (Itasca 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 Stokes township (Itasca County)
- The average income of a Stokes township (Itasca County) resident is $31,678 a year. The US average is $28,555 a year.
- The Median household income of a Stokes township (Itasca County) resident is $63,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyStokes township (Itasca County), MinnesotaUnited States
  6.26
  -1.9%-6.2%
  20.5%33.5%
  6.9%6.2%
  7.1%4.6%
  $34,721$37,638
  $63,750$69,021
  $83,750$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.7%6.8%
  2.3%10.0%
  0.0%2.5%
  3.4%11.0%
  3.4%4.8%
  1.1%0.8%
  0.0%1.9%
  8.0%4.7%
  2.3%1.9%
  1.1%7.6%
  0.0%0.1%
  0.0%4.2%
  6.8%9.3%
  40.9%14.0%
  1.1%2.1%
  6.8%7.0%
  10.2%4.8%
  6.8%4.7%
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