Chisago Lake, MN is a small town located north of the Twin Cities in Minnesota. It offers easy access to larger cities while still maintaining the charm of a small-town feel. The cost of living in Chisago Lake is noticeably lower than the US average, with 2 bedroom rental prices being about $200 cheaper than the US average. Additionally, grocery costs are also lower at a cost index of 101 versus 100 in the US.
Local companies include PeeSki Plumbing & Heating which offers HVAC services and other plumbing and heating services for residential homes and businesses, Aveda Performance Center which provides automotive repair and maintenance services, and Chisago Lakes Veterinary Services which offers veterinary care for all types of animals. All three companies have been operating for several years and offer quality services to customers in the area.
Chisago Lake has an unemployment rate of 5.4%. The US average is 6.0%.
Chisago 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 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Chisago Lake
- The Sales Tax Rate for Chisago Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Chisago 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 Chisago Lake
- The average income of a Chisago Lake resident is $33,393 a year. The US average is $28,555 a year.
- The Median household income of a Chisago Lake resident is $122,273 a year. The US average is $69,021 a year.