Fox Lake, MN is a small town located in Minnesota, near the border of North Dakota. It is a quiet place to live and offers its citizens a peaceful lifestyle. The average rent for a two-bedroom home in Fox Lake is $850 - significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index for Fox Lake is 94 versus 100 in the US - meaning groceries are slightly cheaper than other places.
Local companies include Fox Lake Salvage Inc., North Country Construction, and Stone Harbor Resort. Each provides various services for Fox Lake residents or visitors to the area. There are also several restaurants with excellent local cuisine to enjoy as well as stores such as Walgreens and Dollar General for basic necessities.
In conclusion, living in Fox Lake, MN provides residents with an affordable cost of living due to lower rent prices and grocery costs compared to other areas across the country. This gives citizens more money to spend on leisure activities or save for their future goals.
Fox Lake has an unemployment rate of 4.3%. The US average is 6.0%.
Fox Lake has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Fox Lake
- The Sales Tax Rate for Fox Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Fox 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 Fox Lake
- The average income of a Fox Lake resident is $42,328 a year. The US average is $28,555 a year.
- The Median household income of a Fox Lake resident is $77,188 a year. The US average is $69,021 a year.