Redwood Falls township in Minnesota is a great place to live due to its low costs of living. The average rent for a two bedroom is $830, much lower than the US average of $1430, and the grocery cost index is 95 versus 100 in the US. In addition to this economic advantage, Redwood Falls has plenty of things to offer in terms of local businesses, tourism and attractions. There are many popular restaurants such as the Oak Street Grill and Emiliano’s Mexican Restaurant. Tourists come from all over to visit Alexander Ramsey Park which offers trails, fishing spots, camping sites and canoe rentals. Other outdoor activities include golfing at Gopher Hills Golf Course or visiting the nearby Glacial Lakes State Park for snowmobiling and ice-skating during winter months.
Redwood Falls township has an unemployment rate of 5.5%. The US average is 6.0%.
Redwood Falls township has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Redwood Falls township
- The Sales Tax Rate for Redwood Falls township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Redwood Falls township 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 Redwood Falls township
- The average income of a Redwood Falls township resident is $38,852 a year. The US average is $28,555 a year.
- The Median household income of a Redwood Falls township resident is $82,500 a year. The US average is $69,021 a year.