Total Population
26,192
Population
Growth Rate
0.45%
Median Age
44
Diversity Index
24.400
Community Profile
We are Here to Help You Grow.
Known as the place “where the forests meet the prairie,” Todd County has a rich agricultural heritage and abundant recreational opportunities side by side. Small-town values and an easy pace of life characterize Todd County. Our agricultural and value-add industries serve as a strong backbone to a growing mix of other sectors.
Todd County, MN
Population
Housing & Income
Households
10,278
Total Housing Units
13,674
Owner Occupied
8,549
Renter Occupied
1,729
Vacant
3,396
Median Home Value
$192,137
Average Home Value
$232,831
Income
Growth Rate
Median
Household Income
0.46%
Per Capita Income
1.74%
Income Projection
Median Household
$54,623 $57,782
Average Household
$68,469 $74,599
Per Capita
$26,883 $29,302
Workforce
Total Businesses
861
Total Employed
7,045
Workers 16+
10,889
2021 HealthCare/Social Assist
Businesses
77
Employed
2,044
2021 Manufacturing Businesses
Businesses
32
Employed
861
2021 Retail Trade Businesses
Businesses
116
Employed
635
2021 Educational Services - Businesses
Businesses
19
Employed
573
2021 Accommodation/Food Service
Businesses
58
Employed
505
2021 Other Service excl Pub Admin
Businesses
158
Employed
470
Some
High School
1,207
Graduated
High School
6,212
Associates
Degree
2,471
Bachelor's
Degree
2,205
Graduate
Degree
820
Average Commute Time
24 min.
Resident Commuters
5,687
Non-Resident Commuters
5,108
Drive Alone
8,442
Carpooled
1,056
Public
39
Work At Home
818
Government and Taxation
Minnesota has two important taxes that apply to business entities:
- a corporation income tax, called the “corporation franchise tax,” that applies to traditional (C-type) corporations; and
- a tax called simply the “minimum fee” that applies to traditional corporations, S corporations, LLCs, and partnerships.
In addition to the latter taxes, if income from your business passes through to you personally, that income will be subject to taxation on your personal state tax return.
Minnesota’s corporation franchise tax, which is a tax on the income of traditional corporations, is comprised of a flat 9.8% tax plus an additional, alternative minimum tax (AMT). In general terms, the AMT is based largely on the federal AMT rules, and is a 5.8% tax on Minnesota alternative minimum taxable income in excess of $40,000.
Minnesota’s “minimum fee” tax applies to traditional corporations, S corporations, LLCs, and partnerships. The minimum fee is based on the combined value of a business’s property, payroll, and sales. If these three values together total at least $500,000, the business is required to pay the minimum fee. The exact amount of the minimum fee will vary depending on the total value of property, payroll, and sales, as follows:
total value less than $500,000 = $0 minimum fee
total value $500,000 to $999,999 = $100 minimum fee
total value $1,000,000 to $4,999,999 = $300 minimum fee
total value $5,000,000 to $9,999,999 = $1,000 minimum fee
total value $10,000,000 to $19,999,999 = $2,000 minimum fee
total value $20,000,000 or more = $5,000 minimum fee
For corporations, returns are due on the 15th day of the third month after the end of the tax year. For other forms of business, returns are due on the 15th day of the fourth month after the end of the tax year.
For purposes of comparison, note that Minnesota generally taxes personal income at rates ranging from of 5.35% to 7.85%.
Source: NOLO.com
Workers Comp and Unemployment
Available Real Estate
To find the latest information on available sites and buildings in this county please visit the Minnesota Prospector website»
