Third River, MN is a small town located in the Midwest with a population of about 2,500 people. It is known for its diverse economy and low cost of living. Local companies include Third River Manufacturing, Third River Medical Supply, and Third River Construction. The average rent for a two bedroom apartment is $950, which is much lower than the national average of $1,430 per month. The grocery cost index in Third River is 97 compared to 100 nationally, making it an affordable place to live. Aside from the low cost of living, residents can enjoy the nearby nature trails and golf course as well as take advantage of all that town has to offer.
Third River has an unemployment rate of 6.2%. The US average is 6.0%.
Third River has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Third River
- The Sales Tax Rate for Third River is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Third River 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 Third River
- The average income of a Third River resident is $26,127 a year. The US average is $37,638 a year.
- The Median household income of a Third River resident is $58,958 a year. The US average is $69,021 a year.