Langola, MN Economy


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Langola, MN is an affordable small town located in the midwest. With a two-bedroom rent of $810, it is significantly lower than the average US rent of $1,430. Additionally, local grocery items are slightly cheaper in Langola than elsewhere in the US with an index score of 99 compared to the national average of 100. Langola is home to a variety of businesses such as Scholz Iron Works, Langola Web Design, and Langola Tire & Auto Repair - all locally owned and operated. Residents of Langola enjoy both low prices and a thriving local economy.

Langola has an unemployment rate of 6.1%. The US average is 6.0%.

Langola 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 33.5%, which is higher than the US average of 33.5%.

Tax Rates for Langola
- The Sales Tax Rate for Langola is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Langola 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 Langola
- The average income of a Langola resident is $29,255 a year. The US average is $28,555 a year.
- The Median household income of a Langola resident is $85,547 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLangola, MinnesotaUnited States
  6.16
  -2.4%-6.2%
  33.5%33.5%
  6.9%6.2%
  7.1%4.6%
  $39,010$37,638
  $85,547$69,021
  $106,042$85,028
  Population by Occupation
  11.7%1.2%
  0.4%0.5%
  7.8%6.8%
  11.5%10.0%
  2.4%2.5%
  8.5%11.0%
  3.4%4.8%
  0.4%0.8%
  1.8%1.9%
  4.6%4.7%
  5.6%1.9%
  1.8%7.6%
  0.4%0.1%
  1.2%4.2%
  7.0%9.3%
  17.1%14.0%
  0.4%2.1%
  3.2%7.0%
  2.6%4.8%
  8.4%4.7%
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