Fergus Falls, MN is an excellent place to live and work. The cost of living is lower than the average across the US which includes lower rental costs for two bedroom apartments at only $860 per month, and a grocery cost index that is 98 versus 100 in the US. Local companies such as Olson Oil Company, Great Northern Bank, Fergus Lumber Co., and Ransom Lake Country Store are all popular employers within Fergus Falls. The city also has great parks, recreational activities, restaurants, theaters, and many other attractions. There's something for everyone in Fergus Falls!
Fergus Falls Metro Area has an unemployment rate of 5.3%. The US average is 6.0%.
Fergus Falls Metro Area has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Fergus Falls Metro Area
- The Sales Tax Rate for Fergus Falls Metro Area is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Fergus Falls Metro Area 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 Fergus Falls Metro Area
- The average income of a Fergus Falls Metro Area resident is $34,380 a year. The US average is $37,638 a year.
- The Median household income of a Fergus Falls Metro Area resident is $63,587 a year. The US average is $69,021 a year.