Leaf Lake, MN is a small town located in the midwestern United States. It is a quiet and serene community with a population of approximately 4,000 people. The cost of living in Leaf Lake is quite low compared to other cities in the US, with 2 bedroom rent being $880 compared to the US average of $1,430. The local grocery cost index is also lower than the national average at 97 compared to 100.
The town of Leaf Lake has several local businesses that provide services for its residents such as Papa's Pizza, which serves up delicious pizzas and other Italian dishes; Leaf Lake Market, which offers fresh produce and groceries; and Johnson's Hardware Store, where customers can find all sorts of tools and supplies for their home improvement projects. There are also many small boutiques and shops in the downtown area that offer unique items for those looking to spruce up their homes or wardrobes. This small town provides its citizens with everything they need on a daily basis while still remaining affordable.
Leaf Lake has an unemployment rate of 5.3%. The US average is 6.0%.
Leaf Lake has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Leaf Lake
- The Sales Tax Rate for Leaf Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Leaf 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 Leaf Lake
- The average income of a Leaf Lake resident is $25,394 a year. The US average is $28,555 a year.
- The Median household income of a Leaf Lake resident is $65,000 a year. The US average is $69,021 a year.