Falun, MN is a small city located in Minnesota. It has a population of just under 1,000 people and is known for its peaceful atmosphere and strong sense of community. There are several local businesses that serve the residents of Falun such as Ace Hardware, Happy Joe’s Pizza, The Bait Shop and the Falun General Store.
The cost of living in Falun is lower than in other parts of the state. For example, the rent for a two-bedroom apartment is about $880 which is much cheaper compared to the US average rent for a two-bedroom unit at around $1,430. Similarly, groceries also cost less in Falun with an index rating of 97 versus 100 in the US. This makes it an attractive place to live for those who are looking for an affordable yet pleasant environment to call home.
Falun has an unemployment rate of 3.9%. The US average is 6.0%.
Falun has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 8.8%, which is lower than the US average of 33.5%.
Tax Rates for Falun
- The Sales Tax Rate for Falun is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Falun 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 Falun
- The average income of a Falun resident is $23,836 a year. The US average is $28,555 a year.
- The Median household income of a Falun resident is $68,000 a year. The US average is $69,021 a year.