Severance township, Minnesota Median Income

Severance township, Minnesota has a population of 240, with a median household income of $64,200.

Current median income data for Severance township.

$64,200

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Population

240

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Median Income

$64,200

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Unemployment

2.80%

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Housing Price

$185,000

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Crime Rate

1.10

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Internet Speed

50.00 Mbps

Severance township is a small local community located in Minnesota. The city has a population that is below the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Severance township is a notable city in Minnesota, offering a mix of population dynamics, economic indicators, and housing trends.

Population Overview

Severance township has a population of 240, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Severance township is $64,200, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Severance township is about $185,000, making it relatively affordable compared to many cities in Minnesota.

Employment and Safety

The unemployment rate in Severance township is 2.80%, which is lower than the state average, indicating a relatively strong job market. Severance township has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Minnesota, Severance township shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

As part of Minnesota, Severance township contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Severance township

What is the population of Severance township?

The population of Severance township is approximately 240.

Is Severance township a good place to live?

Severance township offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Severance township?

The median household income in Severance township is around $64,200.

How expensive is housing in Severance township?

The average housing price in Severance township is approximately $185,000.