Park Falls, WI is a small town located in the northern part of Wisconsin. It has a population of about 3,000 people and offers many amenities to its residents. Rent prices for two bedrooms are quite low when compared to the national average, at $830 versus $1,430. Additionally, groceries cost less in Park Falls than other parts of the country with an index of 90 compared to 100 nationally.
The area has many local companies that provide jobs and services for its citizens such as Northland Log Homes and J&M Machine & Welding Co. There are plenty of outdoor activities available throughout the year as well making it a great spot for those who enjoy nature and adventure. There is also good public transportation available in Park Falls with buses running between towns on weekdays and Saturdays.
Park Falls has an unemployment rate of 5.2%. The US average is 6.0%.
Park Falls has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Park Falls
- The Sales Tax Rate for Park Falls is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Park Falls is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Park Falls
- The average income of a Park Falls resident is $23,960 a year. The US average is $28,555 a year.
- The Median household income of a Park Falls resident is $39,125 a year. The US average is $69,021 a year.