Summit Township (Steele Cnty), MN is a small town located in the southern part of Minnesota. It is home to several businesses such as Little America Grocery Store, Steele County Hardware, and Bloomfield Auto Repair. The rent for two bedrooms in Summit township is significantly lower than the national average at $960 compared to a US average of $1,430. The grocery cost index in the area also offers great value with its 96 index rating versus the 100 index in the US. Residents of Summit Township enjoy its rural lifestyle and affordability and take advantage of all that it has to offer.
Summit township (Steele County) has an unemployment rate of 4.9%. The US average is 6.0%.
Summit township (Steele County) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Summit township (Steele County)
- The Sales Tax Rate for Summit township (Steele County) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Summit township (Steele 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 Summit township (Steele County)
- The average income of a Summit township (Steele County) resident is $33,173 a year. The US average is $37,638 a year.
- The Median household income of a Summit township (Steele County) resident is $85,417 a year. The US average is $69,021 a year.