Fahlun, MN is a small city situated in Minnesota. It offers a peaceful and laid-back lifestyle for its residents. The cost of living in Fahlun is lower than the national average; for instance, 2 bedroom rent in Fahlun is $840 compared to $1,430 elsewhere in the US. Additionally, the grocery cost index in Fahlun is 96 versus 100 in the US.\nFahlun is home to several notable companies such as Redwood County Abstract & Title Company which specializes in real estate transactions and Triton Manufacturing Solutions which manufactures plastic parts and products. It is also home to small businesses such as Abe's Automotive Repair and Norling's Grocery Store which are popular amongst locals looking for discounts and friendly service.
Fahlun has an unemployment rate of 4.9%. The US average is 6.0%.
Fahlun has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Fahlun
- The Sales Tax Rate for Fahlun is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Fahlun 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 Fahlun
- The average income of a Fahlun resident is $28,653 a year. The US average is $28,555 a year.
- The Median household income of a Fahlun resident is $84,028 a year. The US average is $69,021 a year.