According to statistics, the population in Tower, MN amounts to 675, which shows growth 10% compared to the previous year. The median age of the city’s residents is 37. The average household income is $49,185, shifting growth 4% from the past year, and the average property value in Tower, MN decline -10% to $88,300 throughout the year.
|Number Of Employees||457|
|Median Property Value||$88,300|
The average household income in Tower, MN grew from $47,434 to $49,185 in the past year. This data is an estimate based upon 297 households in Tower, MN . The chart below presents how household income is distributed in Tower, MN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Tower, MN shifted from $98,600 to $88,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Tower, MN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Tower, MN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Tower, MN compared to median property taxes around the country. The prevalent amount of property taxes in Tower, MN equals $800, which is less than the national average.