Grand Marais, MN Economy


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United States / Minnesota / No Metro Area / Cook County / Grand Marais / Zip Codes
\nGrand Marais, MN is a small city with a population of approximately 1,300 people. Located in Cook County on the North Shore of Lake Superior, Grand Marais is known for its idyllic natural setting and vibrant local culture. The cost of living in Grand Marais is very affordable; two bedroom rents are $820 compared to the US average of $1,430. In addition to rent, groceries also cost less than the US average; Grand Marais has an index score of 103 versus an index score of 100 for the US.
Grand Marais has several popular local companies such as Voyageur Brewing Company, Lutsen Sea Villas, and Caribou Coffee that offer a variety of merchandise and services. Additionally, there are many cultural attractions to explore in the area such as music festivals and art galleries. Grand Marais is home to both the Great Lakes Aquarium and North House Folk School; these two attractions let visitors explore interactive displays and hands-on activities that teach them about the environment and different cultures around the world.

Grand Marais has an unemployment rate of 7.4%. The US average is 6.0%.

Grand Marais has seen the job market increase by 12.9% over the last year. Future job growth over the next ten years is predicted to be 55.5%, which is higher than the US average of 33.5%.

Tax Rates for Grand Marais
- The Sales Tax Rate for Grand Marais is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Grand Marais 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 Grand Marais
- The average income of a Grand Marais resident is $27,398 a year. The US average is $28,555 a year.
- The Median household income of a Grand Marais resident is $58,851 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrand Marais, MinnesotaUnited States
  7.46
  -9.6%-6.2%
  55.5%33.5%
  8.4%6.2%
  7.1%4.6%
  $31,835$37,638
  $58,851$69,021
  $66,765$85,028
  Population by Occupation
  1.4%1.2%
  0.0%0.5%
  9.0%6.8%
  3.5%10.0%
  0.8%2.5%
  18.3%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  1.9%4.7%
  3.5%1.9%
  2.3%7.6%
  0.0%0.1%
  1.5%4.2%
  26.4%9.3%
  8.8%14.0%
  1.4%2.1%
  11.6%7.0%
  2.2%4.8%
  7.3%4.7%
Reviews for Grand Marais
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Grand Marais is everything one could want in a place to live, it is a community with a love of music, literature, arts, with equal doses of recreation, spirited  More

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i am a huge fan of cooler weather- i hate summer,heat, humidity- i live for the cold so Grand Marais would be ideal town to retire in- comfortable weather for  More

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