Oklee, MN Economy


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United States / Minnesota / No Metro Area / Red Lake County / Oklee / Zip Codes
Oklee, MN is a small rural town located in Northwestern Minnesota. Despite its size, Oklee offers residents much more than one might expect. Housing costs in Oklee are considerably lower than the national average with a two-bedroom rent of only $840, making it an attractive option for many potential renters. Grocery prices in Oklee are also lower than the US average, with its grocery cost index at 93 versus 100 for the US as a whole.
Local businesses and services in Oklee include Blomquist Hardware Store, where you can get everything from tools to furniture, as well as various restaurants and convenience stores such as Burger King and Casey's General Store. Additionally, there are several churches in the area offering religious services and various activities such as youth clubs or community events. Outdoor activities such as hunting and fishing are also popular among locals due to the abundance of lakes and wildlife nearby. Overall, Oklee is an affordable yet vibrant small town that offers plenty of amenities for its residents.

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

Oklee has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 15.7%, which is lower than the US average of 33.5%.

Tax Rates for Oklee
- The Sales Tax Rate for Oklee is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Oklee 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 Oklee
- The average income of a Oklee resident is $21,062 a year. The US average is $28,555 a year.
- The Median household income of a Oklee resident is $36,818 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOklee, MinnesotaUnited States
  66
  -1.0%-6.2%
  15.7%33.5%
  6.9%6.2%
  7.1%4.6%
  $18,500$37,638
  $36,818$69,021
  $54,500$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  0.7%6.8%
  11.8%10.0%
  7.2%2.5%
  7.8%11.0%
  9.8%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  2.0%1.9%
  5.9%7.6%
  0.0%0.1%
  1.3%4.2%
  7.2%9.3%
  17.6%14.0%
  3.3%2.1%
  11.1%7.0%
  2.6%4.8%
  11.1%4.7%
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