Lura, MN Economy


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Lura, MN is a small rural town situated in Minnesota. This small but friendly community offers a variety of amenities for its citizens. The average two-bedroom rent in Lura is $980 which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Lura is 94 versus 100 in the US. Local companies and amenities include Carlson's Hardware store, Lake Country Grocery Store, local theatre performances at the Lura Town Hall Auditorium, as well as several parks and hiking trails to enjoy nature.

Lura has an unemployment rate of 5.2%. The US average is 6.0%.

Lura has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.

Tax Rates for Lura
- The Sales Tax Rate for Lura is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lura 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 Lura
- The average income of a Lura resident is $34,370 a year. The US average is $28,555 a year.
- The Median household income of a Lura resident is $74,167 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLura, MinnesotaUnited States
  5.26
  -1.2%-6.2%
  21.7%33.5%
  6.9%6.2%
  7.1%4.6%
  $36,880$37,638
  $74,167$69,021
  $90,625$85,028
  Population by Occupation
  21.2%1.2%
  0.0%0.5%
  5.9%6.8%
  4.7%10.0%
  5.9%2.5%
  7.1%11.0%
  7.1%4.8%
  2.4%0.8%
  0.0%1.9%
  1.2%4.7%
  0.0%1.9%
  1.2%7.6%
  0.0%0.1%
  1.2%4.2%
  15.3%9.3%
  14.1%14.0%
  0.0%2.1%
  0.0%7.0%
  7.1%4.8%
  5.9%4.7%
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