Winsted township is a small town in Minnesota that has a population of around 3,000 people. The cost of living is very affordable and the rent for a 2 bedroom apartment is only $1,050 compared to the US average of $1,430. The grocery cost index for Winsted is much lower than the US average at 97 versus 100 in the US. Local companies include F&H Construction Company Inc., Winsted Dairy Queen, and JB’s Sports Bar & Grill.
Recreation activities in Winsted township include fishing at Lake Washington or hitting up Faribault's Skate Park during the summer months. Other outdoor activities include going on nature walks through local trails and exploring nearby parks like Ellefson Park. For cultural events, there are art galleries and music venues where you can discover local talents and enjoy unique experiences. All in all, Winsted township offers an affordable lifestyle with plenty of recreational options.
Winsted township has an unemployment rate of 5.1%. The US average is 6.0%.
Winsted 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 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Winsted township
- The Sales Tax Rate for Winsted township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Winsted 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 Winsted township
- The average income of a Winsted township resident is $38,363 a year. The US average is $37,638 a year.
- The Median household income of a Winsted township resident is $83,750 a year. The US average is $69,021 a year.