Economy in Lake City, Minnesota

Economy	Lake City, MN	United States
Unemployment Rate	4.30%	8.60%
Recent Job Growth	-0.15%	0.35%
Future Job Growth	35.40%	32.10%
Sales Taxes	6.50%	5.00%
Income Taxes	7.05%	4.70%
Income per Cap.	$26,154	$26,154
Household Income	$49,593	$50,935
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K	9.07%	12.37%
Income between 15K and 25K	10.89%	10.53%
Income between 25K and 35K	12.07%	10.88%
Income between 35K and 50K	18.65%	15.37%
Income between 50K and 75K	25.00%	20.14%
Income between 75K and 100K	12.57%	12.41%
Income between 100K and 150K	8.39%	11.27%
Income between 150K and 250K	2.50%	5.01%
Income between 250K and 500K	0.77%	1.86%
Income greater than 500K	0.05%	0.16%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations	10.85%	14.04%
Professional and Related Occupations	21.21%	20.61%
Service	16.84%	14.45%
Sales and Office	20.65%	26.75%
Farming, Fishing, and Forestry	1.02%	0.70%
Construction, Extraction, and Maintenance	6.56%	9.42%
Production, Transportation, and Material Moving	22.83%	14.05%

The unemployment rate in Lake City, MN, is 4.30%, with job growth of -0.15%. Future job growth over the next ten years is predicted to be 35.40%.

Lake City, MN,sales tax rate is 6.50%. Income tax is 7.05%.

The income per capita is $26,154, which includes all adults and children. The median household income is $49,593.

Lake City Economy SperlingViews