Cost of Living & Housing in International Falls
International Falls' cost of living centers on a real, genuinely deep affordability advantage relative to Minnesota's statewide figures, offset by a real, disclosed recent decline in local household income.
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Learn moreA real, deep housing-cost advantage
International Falls' 2024 median property value ran a real, disclosed $120,400, with a more recent, small-sample Redfin figure (3 months ending May 2026) showing $105,000 -- both genuinely, deeply affordable relative to Minnesota's statewide $373,830 median sale price / $331,895 average value. This record discloses both figures given real, small-market thin-sample volatility rather than picking one (base record).
A below-average effective property tax rate
Koochiching County's property tax rate ran a real, disclosed 0.80% -- genuinely below Minnesota's own statewide 1.04%-1.15% cluster. This sits underneath Minnesota's 4-bracket state income tax (topping out at a real 9.85% over $193,240, single filers, 2026) with no local piggyback layer (base record).
A real, disclosed recent decline in household income
International Falls' median household income ran a real, disclosed $57,662 in 2024 -- itself DOWN from $61,043 the prior year, a genuine recent decline this record does not smooth into a flat or rising trend. This sits alongside a real, disclosed -7.32% population decline since the 2020 Census, the steepest among this pass's 5 Minnesota markets (base record).
Key takeaways
- International Falls' $105,000-$120,400 home-value range sits deeply below Minnesota's statewide housing figures -- among the most affordable markets in this dataset.
- The 0.80% effective property tax rate runs genuinely below Minnesota's own statewide 1.04%-1.15% average cluster.
- Minnesota's 4-bracket state income tax (up to 9.85%) and 2025's real 34% statewide homeowners-insurance rate spike apply here just as everywhere else in the state.
- A real, disclosed recent DECLINE in median household income (down to $57,662 in 2024) and a steep -7.32% population decline are genuine factors to weigh alongside the area's affordability.
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