Total Population
25,176
Population
Growth Rate
0.00%
Median Age
44
Diversity Index
34.500
Todd County
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
9,862
Total Housing Units
12,800
Owner Occupied
8,277
Renter Occupied
1,585
Vacant
2,938
Median Home Value
$193,666
Average Home Value
$240,217
Income
Growth Rate
Median
Household Income
0.00%
Per Capita Income
2.38%
Income Projection
Median Household
$58,767 $65,925
Average Household
$76,744 $86,361
Per Capita
$30,080 $33,835
Workforce
Total Businesses
881
Total Employed
7,094
Workers 16+
10,728
2022 HealthCare/Social Assist
Businesses
80
Employed
2,070
2022 Manufacturing Businesses
Businesses
32
Employed
860
2022 Retail Trade Businesses
Businesses
118
Employed
637
2022 Public Administration
Businesses
57
Employed
582
2022 Accommodation/Food Service
Businesses
56
Employed
489
2022 Other Service excl Pub Admin
Businesses
159
Employed
478
Some
High School
1,083
Graduated
High School
6,124
Associates
Degree
2,629
Bachelor's
Degree
2,159
Graduate
Degree
815
Average Commute Time
25 min.
Resident Commuters
5,640
Non-Resident Commuters
4,995
Drive Alone
8,292
Carpooled
978
Public
42
Work At Home
883
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»