Hanley Falls, MN is a small town located in Minnesota with a population of around 1000 people. The cost of living is much lower than the US average; for example, the 2 bedroom apartment rent is nearly $600 less than the national average. Food prices are also lower -the grocery cost index in Hanley Falls is 95 compared to 100 in the US. Local companies that can be found in Hanley Falls include Tomahawk Feeds, Old National Bank, and Reinhart Foods. All in all, Hanley Falls has a great quality of life with low costs -making it an attractive place to live and work.
Hanley Falls has an unemployment rate of 4.4%. The US average is 6.0%.
Hanley Falls has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Hanley Falls
- The Sales Tax Rate for Hanley Falls is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hanley 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 Hanley Falls
- The average income of a Hanley Falls resident is $19,968 a year. The US average is $28,555 a year.
- The Median household income of a Hanley Falls resident is $80,114 a year. The US average is $69,021 a year.