Felton, MN is a small city located in the west-central part of the state. Despite its small size, Felton is attractive to potential renters due to its affordability; two bedroom apartments in the area rent for just $910 per month which is significantly lower than the national average of $1,430 per month. Additionally, grocery costs in Felton are below the national average with an index score of 97 versus 100 in the US.
In terms of businesses, Felton is home to several companies such as Alan's Auto Repair and Supply, White Iron Body Works, and Feltons Books & Music. Local attractions include Aroma Park which features walking trails along with picnic tables and grills for visitors to enjoy. For those who love nature, there’s also Lake McClaren with its beautiful views and outdoor recreation. Visitors can enjoy fishing or kayaking on the lake while taking in the stunning scenery around them.
Felton has an unemployment rate of 3.8%. The US average is 6.0%.
Felton has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Felton
- The Sales Tax Rate for Felton is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Felton 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 Felton
- The average income of a Felton resident is $29,616 a year. The US average is $28,555 a year.
- The Median household income of a Felton resident is $65,278 a year. The US average is $69,021 a year.