Woodland township (Wright County), MN Economy


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Woodland Township, MN is a small town located in the south of Minnesota. According to the provided information, the average two-bedroom rent in Woodland is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in this area is 99 compared to 100 in the US. The cost of living here is therefore relatively low, making it an attractive place for people looking to save money. Woodland Township is home to several different businesses such as Miller Farms General Store, Anna's Pizza Pub & Grill and Harper's Feed & Grain Store. All three of these businesses offer quality goods and services to residents and visitors. In conclusion, Woodland Township offers a low cost of living combined with local business options for its residents and visitors alike.

Woodland township (Wright County) has an unemployment rate of 4.5%. The US average is 6.0%.

Woodland township (Wright County) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.

Tax Rates for Woodland township (Wright County)
- The Sales Tax Rate for Woodland township (Wright County) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Woodland township (Wright 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 Woodland township (Wright County)
- The average income of a Woodland township (Wright County) resident is $36,557 a year. The US average is $37,638 a year.
- The Median household income of a Woodland township (Wright County) resident is $79,479 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWoodland township (Wright County), MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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