Beaulieu, MN is a small town situated near the shores of Lake of the Woods. It is peaceful and quiet, and offers a great escape from the hustle and bustle of city life. Living expenses in Beaulieu are very reasonable, with 2 bedroom rent averaging $810 per month versus $1,430 in the US on average. Prices for groceries are also notably lower than the national average with an index of 93 compared to 100 in the US. There are many local attractions that provide residents with entertainment and relaxation options, including resorts on Lake of the Woods offering fishing, boating, camping, and more. Additionally, business like Porthole Resort have been family owned for generations providing unique vacation experiences filled with fresh air and outdoor recreation activities.
Beaulieu has an unemployment rate of 8.1%. The US average is 6.0%.
Beaulieu has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.
Tax Rates for Beaulieu
- The Sales Tax Rate for Beaulieu is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Beaulieu 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 Beaulieu
- The average income of a Beaulieu resident is $18,342 a year. The US average is $28,555 a year.
- The Median household income of a Beaulieu resident is $41,250 a year. The US average is $69,021 a year.