Little Falls, MN is a small town located in Central Minnesota. It is known for its rolling hills and stunning scenery. Many people come to Little Falls to enjoy the outdoor activities that it offers such as fishing, hiking, biking, and snowmobiling. In addition to outdoor activities, Little Falls also has plenty of local businesses to explore. These businesses include restaurants such as The Grand Rapids Grill & Pub and The Cornerstone Café & Bakery; shops like Middle River Peddler Emporium and Anderson’s Leatherworks; and services like Olson Electrician Services and Torgerson Property Management Group. With 2 bedroom rent at $820 a month compared to the US average of $1,430 a month, Little Falls is an affordable place to live with a grocery cost index of 97 versus 100 in the US.
Little Falls has an unemployment rate of 7.1%. The US average is 6.0%.
Little Falls has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Little Falls
- The Sales Tax Rate for Little Falls is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Little Falls 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 Little Falls
- The average income of a Little Falls resident is $21,909 a year. The US average is $28,555 a year.
- The Median household income of a Little Falls resident is $43,278 a year. The US average is $69,021 a year.