Lake Sarah, MN is a popular city located close to the US-Canada border with a population of over 10,000 people. It offers an affordable cost of living with two bedroom rents costing $800 per month on average, compared to the national average of $1,430. The grocery cost index in Lake Sarah is 96 compared to the national average of 100. Popular attractions here include Balsam Creek Park and Emerald Lake that offer awesome recreational activities for locals and visitors alike. Local businesses like Lakeshore Hardware, Sarah Auto Parts and Fancy Feathers provide residents with goods and services they need.
Lake Sarah has an unemployment rate of 6.4%. The US average is 6.0%.
Lake Sarah has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Lake Sarah
- The Sales Tax Rate for Lake Sarah is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Lake Sarah 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 Lake Sarah
- The average income of a Lake Sarah resident is $31,895 a year. The US average is $28,555 a year.
- The Median household income of a Lake Sarah resident is $71,250 a year. The US average is $69,021 a year.