Total Population
25,353
Population
Growth Rate
-0.09%
Median Age
44
Diversity Index
35.300
Source: ESRI, 2023-10-17
Todd County, MN
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.
Population
Housing & Income
Households
9,953
Total Housing Units
12,858
Owner Occupied
8,361
Renter Occupied
1,592
Vacant
2,905
Median Home Value
$199,398
Average Home Value
$235,115
Income
Growth Rate
Median
Household Income
0.00%
Per Capita Income
2.40%
Income Projection
Median Household
$61,643 $69,995
Average Household
$80,161 $89,990
Per Capita
$31,489 $35,451
Source: ESRI, 2023-10-17
Workforce
Total Businesses
863
Total Employed
7,393
Workers 16+
10,846
2023 HealthCare / Social Assistance
Businesses
77
Employed
2,041
2023 Public Administration
Businesses
64
Employed
883
2023 Manufacturing Businesses
Businesses
32
Employed
843
2023 Retail Trade Businesses
Businesses
105
Employed
657
2023 Other Service excl Pub Admin
Businesses
157
Employed
525
2023 Accommodation / Food Service
Businesses
55
Employed
480
Some
High School
901
Graduated
High School
6,539
Associates
Degree
2,500
Bachelor's
Degree
2,095
Graduate
Degree
746
Average Commute Time
24 min.
Resident Commuters
5,912
Non-Resident Commuters
4,856
Drive Alone
8,213
Carpooled
1,004
Public
51
Work At Home
1,004
Source: ESRI, 2023-10-17
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»