Taylors Falls, MN is a small town located near the St. Croix River Valley. It has a population of around 700 people and is an ideal place to live for those looking for an affordable cost of living. The average 2 bedroom rent in Taylors Falls is $1,230, while the US average is $1,430. Additionally, the grocery cost index in Taylors Falls is 98 compared to 100 nationally. \nTaylors Falls offers plenty of local businesses and attractions for its residents. Popular companies include Skyline Marine Services, Cozy Corner Café, and Cedar Trails Gift Shop. Visitors can also take advantage of the scenic St. Croix River Valley by exploring Wild Mountain ski area or taking a hike on one of many trails at Interstate State Park. With so much to offer, it's no wonder that Taylors Falls continues to be a popular destination for locals and tourists alike!
Taylors Falls has an unemployment rate of 5.4%. The US average is 6.0%.
Taylors Falls has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Taylors Falls
- The Sales Tax Rate for Taylors Falls is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Taylors 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 Taylors Falls
- The average income of a Taylors Falls resident is $23,807 a year. The US average is $28,555 a year.
- The Median household income of a Taylors Falls resident is $59,271 a year. The US average is $69,021 a year.