Big Falls, MN is a small but vibrant town located in Minnesota. It offers affordable living with two bedroom rental apartments costing only $750 compared to the national average of $1,430. Not only that, but groceries are also inexpensive due to the grocery cost index being 91 compared to 100 nationally. Big Falls has plenty of things to do and see as well. There are several local attractions such as the Silver Lake Park and the Pioneer Museum for visitors to explore. For residents, they can shop at any one of the many family owned stores on Main Street or enjoy a bite to eat at one of the many restaurants in town. With its low cost of living and abundance of activities, Big Falls is an excellent place for anyone looking for an enjoyable and affordable lifestyle.
Big Falls has an unemployment rate of 5.7%. The US average is 6.0%.
Big Falls has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Big Falls
- The Sales Tax Rate for Big Falls is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Big 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 Big Falls
- The average income of a Big Falls resident is $20,315 a year. The US average is $28,555 a year.
- The Median household income of a Big Falls resident is $30,417 a year. The US average is $69,021 a year.