Thief River Falls, MN (zipcode 56701) is a small city located in the northwestern corner of Minnesota. With a population of around 8,769 people, Thief River Falls stands as an example of a quintessential midwestern town. The cost of living in the area is moderate with 2 bedroom rentals averaging $920 per month - significantly less than the national average of $1430 per month. Groceries are also fairly affordable with a Grocery Cost Index score of 96 compared to the US average of 100.
In Thief River Falls, locals can find all the necessary amenities including several local stores such as Northridge Market and Walmart, fast food joints like McDonald’s and Subway, and restaurants like Pizza Hut and Applebee’s. For those looking to shop for more unique items there are many small businesses in the area offering everything from antiques at Piece by Piece Antiques & Decorating to handmade jewelry at The Beaded Peacock or homemade pies at Horace’s Pies.
Thief River Falls (zip 56701) has an unemployment rate of 5.7%. The US average is 6.0%.
Thief River Falls (zip 56701) 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 (zip 56701)
- The Sales Tax Rate for Thief River Falls (zip 56701) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Thief River Falls (zip 56701) 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 (zip 56701)
- The average income of a Thief River Falls (zip 56701) resident is $25,945 a year. The US average is $28,555 a year.
- The Median household income of a Thief River Falls (zip 56701) resident is $64,211 a year. The US average is $69,021 a year.