Perry Lake, MN Economy


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Perry Lake, MN is a small town located in the northern part of Minnesota. The cost of living here is very reasonable with 2 bedroom rent averaging $1,010 per month compared to the US average of $1,430. In addition to affordable housing, grocery costs are also lower than the national average with an index of 94 versus 100 in the US.
There are many local businesses in Perry Lake including manufacturing companies such as Permachrome Corporation and Paul's Plastics Inc. Residents can also enjoy a variety of recreational activities at nearby parks like Riverland Park and Turtle Creek Nature Area. Other popular attractions include Historic Water Street and the York Avenue Country Club & Golf Course.

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

Perry Lake has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.

Tax Rates for Perry Lake
- The Sales Tax Rate for Perry Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Perry 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 Perry Lake
- The average income of a Perry Lake resident is $30,655 a year. The US average is $28,555 a year.
- The Median household income of a Perry Lake resident is $86,429 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPerry Lake, MinnesotaUnited States
  66
  -2.9%-6.2%
  42.5%33.5%
  7.4%6.2%
  7.1%4.6%
  $39,454$37,638
  $86,429$69,021
  $96,250$85,028
  Population by Occupation
  5.1%1.2%
  0.0%0.5%
  12.4%6.8%
  10.7%10.0%
  0.0%2.5%
  19.8%11.0%
  4.0%4.8%
  1.1%0.8%
  0.0%1.9%
  4.0%4.7%
  0.0%1.9%
  5.7%7.6%
  0.0%0.1%
  2.8%4.2%
  8.5%9.3%
  18.1%14.0%
  2.8%2.1%
  1.7%7.0%
  3.4%4.8%
  0.0%4.7%
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