Midway Township (St. Louis County), MN is an ideal place for those looking for a more affordable living than the national average. The two-bedroom rent in Midway township is just $1,000 as compared to the US average of $1,430, making it an attractive alternative for cost-minded individuals. Local companies such as Target Corporation, 3M Company, and Securian Financial Group provide employment opportunities within this region and contribute to its economic stability. Additionally, the Grocery Cost Index in Midway township is 98 versus 100 in the US – making it relatively inexpensive. All these factors combined make Midway Township (St. Louis County), MN a great place to live with a low cost of living that's even cheaper than the national standards.
Midway township (St. Louis County) has an unemployment rate of 4.8%. The US average is 6.0%.
Midway township (St. Louis County) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Midway township (St. Louis County)
- The Sales Tax Rate for Midway township (St. Louis County) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Midway township (St. Louis 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 Midway township (St. Louis County)
- The average income of a Midway township (St. Louis County) resident is $42,538 a year. The US average is $37,638 a year.
- The Median household income of a Midway township (St. Louis County) resident is $86,786 a year. The US average is $69,021 a year.