Little Falls township, MN is a small town located in Morrison County, Minnesota. The population of Little Falls township is estimated to be about 8,500 people. This makes it a great place for those looking for an affordable and quiet lifestyle. The cost of living in Little Falls township is very reasonable with two bedroom apartments renting for around $820 per month and the grocery cost index coming in at 97 compared to the US average of 100. It is also home to several businesses such as Farmers State Bank, Little Falls A&W, and the Little Falls Super One Grocery Store. All these businesses offer competitive prices on local products making life in Little Falls township very affordable for its residents.
Little Falls township has an unemployment rate of 7.1%. The US average is 6.0%.
Little Falls township has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Little Falls township
- The Sales Tax Rate for Little Falls township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Little 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 Little Falls township
- The average income of a Little Falls township resident is $29,983 a year. The US average is $28,555 a year.
- The Median household income of a Little Falls township resident is $93,393 a year. The US average is $69,021 a year.