Vermillion Township is a great place to live in Minnesota. It offers affordable housing with the average two-bedroom rent being $1,310 compared to the US average of $1,430. This is a great opportunity for people looking for an affordable place to rent. In addition to housing costs, groceries are also inexpensive with the grocery cost index at 101 compared to 100 in the US.
The township also has a variety of local businesses that add to its charm and economy. Some of these include Vermillion Township Country Store, Schueler's Market & Deli, Big Stone Lake Hardware & Rental, and The Original Pizza Palace. These establishments all provide quality services and goods with excellent customer service that make living in Vermillion Township even better.
Vermillion township has an unemployment rate of 4.1%. The US average is 6.0%.
Vermillion township has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Vermillion township
- The Sales Tax Rate for Vermillion township is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Vermillion 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 Vermillion township
- The average income of a Vermillion township resident is $38,142 a year. The US average is $28,555 a year.
- The Median household income of a Vermillion township resident is $113,594 a year. The US average is $69,021 a year.