River Falls, WI is a charming and vibrant city located in the heart of western Wisconsin. With a population of over 15,000 people, it has grown exponentially in recent years due to its low cost of living, close proximity to major metropolitan areas, and abundance of local businesses. The cost of rent for a two-bedroom apartment in River Falls is significantly lower than the national average at $1,240 per month compared with $1,430 nationally. Additionally, the Grocery Cost Index in River Falls is in line with the national average, indicating that groceries will not be significantly more expensive than other parts of the country.
The town is home to several local businesses such as Econofoods Supermarket and Crossroads Bar & Grill. In addition to these establishments, there are several other small businesses that add to the area’s cultural diversity. Residents can also take advantage of nearby state trails for biking or hiking excursions. All these amenities make River Falls an ideal location for those who want to enjoy all that rural America has to offer without sacrificing modern conveniences.
River Falls has an unemployment rate of 4.6%. The US average is 6.0%.
River Falls has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 38.2%, which is higher than the US average of 33.5%.
Tax Rates for River Falls
- The Sales Tax Rate for River Falls is 5.5%. The US average is 7.3%.
- The Income Tax Rate for River Falls is 6.3%. 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 $23,164 a year. The US average is $28,555 a year.
- The Median household income of a River Falls resident is $67,158 a year. The US average is $69,021 a year.