Big Lake, MN is a great place to live. The cost of living is very reasonable with the 2 bedroom rent in Big Lake being $1,280 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Big Lake is 100 which is equal to the US average of 100. With that said, there are many great companies and attractions in the area. Some of these include Viking Electric Supply Inc., Perfect North Slopes for skiing enthusiasts, and The Sanford House Inn & Spa for those looking for a luxurious stay. No matter what you’re looking for, Big Lake is sure to have something for you!
Big Lake has an unemployment rate of 4.9%. The US average is 6.0%.
Big Lake has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Big Lake
- The Sales Tax Rate for Big Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Big Lake 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 Big Lake
- The average income of a Big Lake resident is $24,442 a year. The US average is $28,555 a year.
- The Median household income of a Big Lake resident is $93,524 a year. The US average is $69,021 a year.