Storden township, MN is a small town located in the heart of Minnesota with a population of about 600 people. It has become an attractive place to live due to its low cost of living. Rent for a two bedroom apartment is around $770 which is much lower than the average US rental cost of $1,430. Additionally, the grocery cost index in Storden township is 92 versus 100 in the US - making it even more appealing to potential residents. \nThe town also has several local companies that provide employment opportunities and contribute to its economy. Some of these include Jack's Repair Shop, Bear Ridge Garden Centre, Kritter's Bakery, Storden Auto Sales and Hansen's Hardware Store. All these businesses provide quality products and services to the local area.
Storden township has an unemployment rate of 4.1%. The US average is 6.0%.
Storden township has seen the job market decrease by -2.5% 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 Storden township
- The Sales Tax Rate for Storden township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Storden 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 Storden township
- The average income of a Storden township resident is $26,502 a year. The US average is $28,555 a year.
- The Median household income of a Storden township resident is $66,250 a year. The US average is $69,021 a year.