Mayhew Lake, MN is a small town located in Anoka County with a population of around 3,000. It is known for its beautiful lake and lush green forests. The cost of living in Mayhew Lake is relatively low compared to the US average due to the lower rental prices. The 2 bedroom rent costs about $1,230 whereas it costs approximately $1,430 across the US. Grocery Cost Index in Mayhew Lake is 98 as opposed to 100 in the US. Some local companies are Mayhew Lake Marina which offers fishing charters, boat rentals, and guided tours; Forestview Lanes bowling alley; and Gotta Have It Boutique for gifts, apparel, and accessories. Overall, Mayhew Lake provides an affordable living option with plenty of activities for residents to enjoy.
Mayhew Lake has an unemployment rate of 6.1%. The US average is 6.0%.
Mayhew Lake 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 Mayhew Lake
- The Sales Tax Rate for Mayhew Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Mayhew 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 Mayhew Lake
- The average income of a Mayhew Lake resident is $25,480 a year. The US average is $28,555 a year.
- The Median household income of a Mayhew Lake resident is $90,521 a year. The US average is $69,021 a year.