Isle Harbor, MN Economy


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Isle Harbor, MN is a small town located in Minnesota. Home to local businesses such as Isle Harbor Gas & Grocery and Smith's Auto Center, Isle Harbor offers residents a variety of services and amenities. The cost of living in Isle Harbor is relatively low compared to the US average which makes this a great location for those on a budget. In terms of entertainment, visitors can take advantage of nearby attractions such as the Cedar Lake Beach or the Northern Light Theater. There are also plenty of hiking trails in the area perfect for outdoor enthusiasts. With its peaceful atmosphere and affordable costs, Isle Harbor is an attractive destination for those looking to relax and unwind.

Isle Harbor has an unemployment rate of 7.9%. The US average is 6.0%.

Isle Harbor 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 31.9%, which is lower than the US average of 33.5%.

Tax Rates for Isle Harbor
- The Sales Tax Rate for Isle Harbor is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Isle Harbor 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 Isle Harbor
- The average income of a Isle Harbor resident is $24,337 a year. The US average is $28,555 a year.
- The Median household income of a Isle Harbor resident is $60,417 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIsle Harbor, MinnesotaUnited States
  7.96
  -3.5%-6.2%
  31.9%33.5%
  7.4%6.2%
  7.1%4.6%
  $35,809$37,638
  $60,417$69,021
  $72,750$85,028
  Population by Occupation
  2.5%1.2%
  0.0%0.5%
  8.4%6.8%
  13.9%10.0%
  0.8%2.5%
  14.8%11.0%
  0.8%4.8%
  1.3%0.8%
  1.3%1.9%
  4.2%4.7%
  2.1%1.9%
  0.4%7.6%
  0.0%0.1%
  6.3%4.2%
  14.3%9.3%
  10.5%14.0%
  0.0%2.1%
  6.8%7.0%
  4.2%4.8%
  7.2%4.7%
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