Fine Lakes, MN is a small city located in the Midwest with a population of approximately 10,000 people. It has an affordable cost of living compared to other parts of the United States, with 2 bedroom rent prices averaging $820 a month. The grocery cost index in Fine Lakes is 94 when compared to the US average at 100. There are many local businesses in this vibrant community such as Lakes Restaurant, Happy Paws Pet Grooming, Main Street Station Grocery Store, and Sky High Computer Repair Services. Fine Lakes offers its residents plenty of entertainment and recreational activities such as skiing and snowboarding at nearby Copper Mountain Ski Resort or spending time outdoors at Nature’s Pathway Park. With its low housing costs and ample job opportunities, Fine Lakes is an attractive location for many people looking to settle down.
Fine Lakes has an unemployment rate of 4.8%. The US average is 6.0%.
Fine Lakes has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Fine Lakes
- The Sales Tax Rate for Fine Lakes is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Fine Lakes 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 Fine Lakes
- The average income of a Fine Lakes resident is $27,474 a year. The US average is $28,555 a year.
- The Median household income of a Fine Lakes resident is $67,188 a year. The US average is $69,021 a year.