Woodside township (Otter Tail County), MN Economy


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United States / Minnesota / Fergus Falls Metro Area / Otter Tail County / Woodside township (Otter Tail County) / Zip Codes
Woodside Township (Otter Tail County), MN is a small but vibrant community in the Upper Midwest. The cost of living is relatively low, with 2 bedroom rent costing $860, compared to the US average of $1,430 and a Grocery Cost Index of 94 compared to 100 nationally. People can enjoy a tranquil lifestyle while being close to convenient amenities and services. Popular local businesses include Woodside's Flea Market, Luebke Automotive Repair Services, Rassier Farms and Country Store, Kristanna's Bakery & Cafe, and Miller's Country Store. Outdoor enthusiasts have plenty to explore here as well with fishing at Goodwild Lake or nearby Tumbledown Lake, hunting at nearby Horseshoe Wildlife Management Area and hiking trails that wind through the forested areas around town.

Woodside township (Otter Tail County) has an unemployment rate of 5.3%. The US average is 6.0%.

Woodside township (Otter Tail County) has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.

Tax Rates for Woodside township (Otter Tail County)
- The Sales Tax Rate for Woodside township (Otter Tail County) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Woodside township (Otter Tail 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 Woodside township (Otter Tail County)
- The average income of a Woodside township (Otter Tail County) resident is $30,757 a year. The US average is $37,638 a year.
- The Median household income of a Woodside township (Otter Tail County) resident is $43,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWoodside township (Otter Tail 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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