Lucan, MN is a small town located in Redwood County with an estimated population of just over 500 people. It is known for its rural charm, friendly community, and reasonable cost of living. With an average two-bedroom rent at only $810 compared to the US average of $1,430 it's easy to see why Lucan is such a desirable place to live. Additionally, the Grocery Cost Index in Lucan is 94 versus 100 in the US making it more affordable when it comes to food costs as well.
Lucan has plenty of local businesses that make this town unique! From Jim's Auto Repair & Towing to The Country Store & Deli there's something for everyone. Services like Roelike Real Estate help residents find their dream homes while the many small businesses provide goods and services that make life in Lucan all the more enjoyable.
In short, Lucan offers big city amenities at a fraction of the cost and with a smaller population and close-knit atmosphere that makes it a great place to live for those looking for an affordable alternative or just want some peace and quiet away from the hustle and bustle of city life.
Lucan has an unemployment rate of 5.5%. The US average is 6.0%.
Lucan has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Lucan
- The Sales Tax Rate for Lucan is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lucan 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 Lucan
- The average income of a Lucan resident is $29,150 a year. The US average is $28,555 a year.
- The Median household income of a Lucan resident is $48,875 a year. The US average is $69,021 a year.