Living in Thief River Falls, MN

What's it like Living in Thief River Falls?

Thief River Falls is a small city located in the state of Minnesota. The city has a population of 8,792 people. At 94%, the majority of the Thief River Falls population is White; this is followed by 2% Black and 2% American Indian and Alaskan. If you prefer shorter commutes, living in Thief River Falls will be a delight. With an average one-way commute time of just 12 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.

If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a fulfilling experience if you are willing to get to know the city before actually living in Thief River Falls, Minnesota. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. The best areas in Thief River Falls and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, cost of living, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Minnesota and national averages.

With a livability score of 74 out of 100, Thief River Falls is ranked #3,687 in the United States and #154 in Minnesota. If we dig down a little deeper into each category within the livability score, we see that Thief River Falls has higher than average rankings for the following: crime (A), cost of living (A+), education (B+) and housing (A+). There are some categories that Thief River Falls scores poorly for, including: amenities (F). It might be worth taking a closer look to find out why.

Ensuring a sense of security is paramount for the majority of residents in any area. Low crime rates exert a positive influence on various aspects, including home prices, rates of home appreciation and the cultivation of positive community dynamics and social cohesion. In the case of Thief River Falls, it boasts a notably low violent crime rate of 58 crimes per 100,000 residents, which significantly outperforms the national average.

Unemployment rates can range pretty dramatically from one city to another. Knowing that Thief River Falls has an unemployment rate of 1.84% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.

Finding affordable real estate and housing in Thief River Falls can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.

Thief River Falls real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Thief River Falls. The median home price for Thief River Falls homes is $143,900, which is 24.9% lower than the Minnesota average. If we take a closer look at the affordability of homes in Thief River Falls, we’ll see that the home price to income ratio is 2.8, which is 6.7% lower than the Minnesota average.

Best Places to Live in and Around Thief River Falls

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