Blooming Prairie township, MN is a great place to live due to its affordability. The two bedroom rent in the area is much lower than the national average of $1,430 at only $990. This allows renters to save significantly on housing costs. There are also many local businesses in the area that provide job opportunities and goods and services at prices that are even more affordable than the national average. The Grocery Cost Index in Blooming Prairie township, MN is 96 versus 100 in the US, making it an even better deal for those living there. Companies such as Walmart and Dollar Tree offer good value for money while local shops like Jensen's Market and Eddies Pharmacy provide excellent products at competitive prices. All in all, Blooming Prairie township, MN provides an ideal setting for those who want to save money while still being able to enjoy a great quality of life.
Blooming Prairie township has an unemployment rate of 4.9%. The US average is 6.0%.
Blooming Prairie township has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Blooming Prairie township
- The Sales Tax Rate for Blooming Prairie township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Blooming Prairie 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 Blooming Prairie township
- The average income of a Blooming Prairie township resident is $38,829 a year. The US average is $37,638 a year.
- The Median household income of a Blooming Prairie township resident is $95,417 a year. The US average is $69,021 a year.