Underwood township, MN is a small town located in the Midwestern United States. It is well known for its low cost of living and friendly locals. Rent for a two bedroom apartment costs an affordable $840 per month which is significantly lower than the US average of $1,430. Similarly, the grocery cost index in Underwood township is 95 compared to 100 in the US. The town is home to many local businesses such as J&S Hardware and Smith's Grocery Store. Other popular attractions include Windy Mountain, a popular hiking spot with beautiful views over the town, and Underwood Park which is great place to relax or have a picnic with family and friends.
Underwood township (Redwood County) has an unemployment rate of 5.5%. The US average is 6.0%.
Underwood township (Redwood County) has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Underwood township (Redwood County)
- The Sales Tax Rate for Underwood township (Redwood County) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Underwood township (Redwood 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 Underwood township (Redwood County)
- The average income of a Underwood township (Redwood County) resident is $24,770 a year. The US average is $37,638 a year.
- The Median household income of a Underwood township (Redwood County) resident is $74,250 a year. The US average is $69,021 a year.