Mountain Lake, MN is a vibrant community that offers great activities for all ages. The cost of living in Mountain Lake is much lower than the US average, with 2 Bedroom Rent costing only $840 compared to the US median of $1,430. Additionally, the Grocery Cost Index in Mountain Lake is 93, which is 7 points lower than the national average. With so much affordability, it's no surprise that many people choose to make their home here.
The city has a wide range of local businesses and attractions to explore. Some popular spots include White Wolf Cafe & Bakery for refreshing coffee and treats, Great Scott's BBQ for some of Minnesota's best ribs, and Backbone Valley Nursery for beautiful plants and gifts. There are also plenty of outdoor activities like camping at Rileys on the Lake or fishing at Rose’s Resort & Marina. For a dose of culture, visitors can check out the Mountain Lake Area Cultural Center or take an interactive tour at Prairie Village Museum. Regardless of your interests, you're sure to find something fun in Mountain Lake!
Mountain Lake has an unemployment rate of 4.1%. The US average is 6.0%.
Mountain Lake has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Mountain Lake
- The Sales Tax Rate for Mountain Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Mountain 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 Mountain Lake
- The average income of a Mountain Lake resident is $20,443 a year. The US average is $28,555 a year.
- The Median household income of a Mountain Lake resident is $44,821 a year. The US average is $69,021 a year.