Fergus Falls township, MN is a small town located in the Midwest region of the US. It has a population of just over 7,000 people and offers many services to its citizens including groceries, schools, shopping centers, restaurants and banks. The cost of living in Fergus Falls township is quite affordable when compared to national averages with 2 bedroom rental prices coming in at $850 per month and a Grocery Cost Index of 96 versus 100 in the US. There are some great local companies in Fergus Falls township, such as the Pioneer Bank & Trust Company which provides full-service banking for individuals and businesses alike. Additionally, there are lots of locally owned restaurants like Freddy's Frozen Custard & Steak Burgers which serves delicious burgers and other treats. With its low cost of living combined with access to affordable amenities and services, Fergus Falls township is an excellent place to live or visit!
Fergus Falls township has an unemployment rate of 5.3%. The US average is 6.0%.
Fergus Falls township has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Fergus Falls township
- The Sales Tax Rate for Fergus Falls township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Fergus Falls township 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 Fergus Falls township
- The average income of a Fergus Falls township resident is $29,770 a year. The US average is $37,638 a year.
- The Median household income of a Fergus Falls township resident is $80,227 a year. The US average is $69,021 a year.