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

Total Population

25,353

Population
Growth Rate

-0.09%

Median Age

44

Diversity Index

35.300

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

Workforce

Total Businesses

863

Total Employed

7,393

Workers 16+

10,846

2023 HealthCare / Social Assistance

cp-industries

Businesses

77

Employed

2,041

2023 Public Administration

cp-industries

Businesses

64

Employed

883

2023 Manufacturing Businesses

cp-industries

Businesses

32

Employed

843

2023 Retail Trade Businesses

cp-industries

Businesses

105

Employed

657

2023 Other Service excl Pub Admin

cp-industries

Businesses

157

Employed

525

2023 Accommodation / Food Service

cp-industries

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

Government and Taxation

MN Revenue website

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

Available Real Estate

To find the latest information on available sites and buildings in this county please visit the Minnesota Prospector website»

Transportation