Taylors Falls, MN is a small town located in Chisago County. With a population of only 55084 people, the cost of living here is among the lowest in the United States. The average two-bedroom rent in Taylors Falls is nearly four hundred dollars lower than the national average at just $1,180 per month. Similarly, grocery costs in the city are also quite lower with an index of 98 compared to 100 nationally.
When it comes to businesses and job opportunities, Taylors Falls has several well-known local companies such as Blumenkehl Logging & Firewood which specializes in wood harvesting; Hanson's Plumbing & Heating which offers plumbing and heating services; and G&B Auto Body which provides auto body repairs. All these businesses provide employment opportunities for residents as well as high quality services at reasonable prices.
Overall, with its low cost of living and various local business opportunities Taylors Falls makes for an ideal place to live and work.
Taylors Falls (zip 55084) has an unemployment rate of 5.4%. The US average is 6.0%.
Taylors Falls (zip 55084) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Taylors Falls (zip 55084)
- The Sales Tax Rate for Taylors Falls (zip 55084) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Taylors Falls (zip 55084) 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 Taylors Falls (zip 55084)
- The average income of a Taylors Falls (zip 55084) resident is $35,995 a year. The US average is $37,638 a year.
- The Median household income of a Taylors Falls (zip 55084) resident is $70,000 a year. The US average is $69,021 a year.