Long Lake, MN Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Long Lake, MN is a great place to live with plenty of amenities and opportunities. It is located near major highways and has easy access to Minneapolis, St. Paul, and the Twin Cities area. The average 2 bedroom rent in Long Lake is $1,670, which is slightly higher than the US average of $1,430. In addition to reasonable rent costs, the local grocery cost index in Long Lake is 108 compared to 100 in the US. There are many great companies that call Long Lake home such as Bankers Systems Inc., Amoco Federal Credit Union, Dental Professionals of Minnesota, Northridge Chiropractic Clinic and more. There are also plenty of recreational activities available for residents such as golfing at Winsted Golf Club or going kayaking on nearby Lake Minnetonka. With its proximity to larger cities and variety of activities it offers, Long Lake is a great place to call home!

Long Lake has an unemployment rate of 4.2%. The US average is 6.0%.

Long Lake 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 36.9%, which is higher than the US average of 33.5%.

Tax Rates for Long Lake
- The Sales Tax Rate for Long Lake is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Long 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 Long Lake
- The average income of a Long Lake resident is $37,343 a year. The US average is $28,555 a year.
- The Median household income of a Long Lake resident is $75,972 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLong Lake, MinnesotaUnited States
  4.26
  -3.6%-6.2%
  36.9%33.5%
  7.5%6.2%
  7.1%4.6%
  $45,079$37,638
  $75,972$69,021
  $118,750$85,028
  Population by Occupation
  1.0%1.2%
  0.0%0.5%
  4.9%6.8%
  9.4%10.0%
  6.0%2.5%
  10.1%11.0%
  2.7%4.8%
  0.9%0.8%
  0.8%1.9%
  11.5%4.7%
  1.2%1.9%
  7.4%7.6%
  1.4%0.1%
  6.4%4.2%
  6.7%9.3%
  10.5%14.0%
  1.2%2.1%
  9.8%7.0%
  5.9%4.8%
  2.3%4.7%
Health
Compare Long Lake, MN
cost of living
Compare food, housing, utilities, and more in Long Lake, Minnesota to any other city in the US.