River Falls, MN is a small city located in western Wisconsin. It has a population of about 15,000 residents and is home to many local businesses, such as River Falls Dairy Co-op, River Falls Meats & Deli, and River Falls Hospital. The 2 Bedroom Rent in River Falls is much lower than the US average at $870 compared to the US average of $1,430. This could make it an attractive place to live for people on a budget. The Grocery Cost Index in River Falls is also lower than the US average at 95 versus 100 in the US, giving residents more money to spend on other items or save for later. Overall, River Falls has an affordable cost of living which makes it a great economical choice for those looking for a small city with plenty of amenities nearby.
River Falls has an unemployment rate of 5.7%. The US average is 6.0%.
River Falls has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for River Falls
- The Sales Tax Rate for River Falls is 6.9%. The US average is 7.3%.
- The Income Tax Rate for River 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 River Falls
- The average income of a River Falls resident is $42,108 a year. The US average is $37,638 a year.
- The Median household income of a River Falls resident is $93,750 a year. The US average is $69,021 a year.