Thief River Falls, MN is a small city with a population around 8,400 people. It has a low cost of living compared to other parts of Minnesota and across the nation. The average two bedroom rent in Thief River Falls is $950 which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Thief River Falls is 96 compared to 100 nationally. As for local businesses, Thief River Falls has several options for shopping including Walmart Supercenter, Northland Auto & Truck Store, Fosston lumber Company, and Rural Computer Services Incorporated. There are also many dining options such as Pizza Ranch and La Isla Mexican Restaurant. Overall, Thief River Falls offers residents good restaurants and shopping at an affordable price point.
Thief River Falls has an unemployment rate of 5.7%. The US average is 6.0%.
Thief River Falls has seen the job market increase by 1.6% 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 Thief River Falls
- The Sales Tax Rate for Thief River Falls is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Thief 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 Thief River Falls
- The average income of a Thief River Falls resident is $23,856 a year. The US average is $28,555 a year.
- The Median household income of a Thief River Falls resident is $55,998 a year. The US average is $69,021 a year.