Akeley, MN is a small town located in Hubbard County. It has an area of 5.3 square miles and is home to about 350 people. The cost of living in Akeley is relatively low compared to the US average; 2 bedroom rent is $880 compared to the US average of $1,430 and grocery cost index is 98 versus 100 in the US. There are many local businesses that make up Akeley’s economy, such as Splinter's Hardware & Lumber Co., Main Street Sports Bar & Grill, and A&J Oil & Propane. One can also find a few churches and services here such as Akeley United Methodist Church and Hair Matters Salon & Day Spa. All in all, Akeley offers its residents a peaceful and affordable lifestyle.
Akeley has an unemployment rate of 6.1%. The US average is 6.0%.
Akeley has seen the job market increase by 6.6% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.
Tax Rates for Akeley
- The Sales Tax Rate for Akeley is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Akeley is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Akeley
- The average income of a Akeley resident is $17,786 a year. The US average is $28,555 a year.
- The Median household income of a Akeley resident is $37,222 a year. The US average is $69,021 a year.