Federal Dam, MN is a small town located in Cass County. It has a population of about 200 people, making it a great place to enjoy the beauty of nature with plenty of space for both residents and visitors alike. The two bedroom rent in Federal Dam is much lower than the US average at $880 versus $1,430. The grocery cost index is slightly lower than the national average at 97 versus 100.
Federal Dam has a few local companies that provide goods and services to its locals. There’s Kjennings Grocery Store which offers fresh produce and other food items; then there’s Twin Lakes Heating & Cooling which provides quality heating and cooling services; Anderson Drywall Supply, for all your drywall needs; and Jorgenson Construction – specializing in remodeling homes, decks, garages, etc. These businesses make Federal Dam an ideal place to live or visit.
Federal Dam has an unemployment rate of 8.4%. The US average is 6.0%.
Federal Dam has seen the job market increase by 9.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Federal Dam
- The Sales Tax Rate for Federal Dam is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Federal Dam 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 Federal Dam
- The average income of a Federal Dam resident is $18,943 a year. The US average is $28,555 a year.
- The Median household income of a Federal Dam resident is $52,500 a year. The US average is $69,021 a year.