Rock Lake, MN is a small town located in the Midwest with a population of around 500 people. It is known for its tranquil surroundings that feature a beautiful lake and park area. The cost of living is quite affordable as 2 bedroom rent averages at $850 compared to the national average of $1,430. Grocery cost index in Rock Lake is also lower than the national average – 92 versus 100.
Rock Lake offers plenty of great opportunities for business owners or entrepreneurs. Companies such as Lakeside Coffee, Main Street Pharmacy, and M&M Grocery are all locally-owned businesses in the area.
Living in Rock Lake grants you access to all sorts of outdoor activities like camping, kayaking, and fishing which makes it an ideal place for families with young children. Moreover, the low costs make it easier to balance budgets without sacrificing quality services and goods.
Rock Lake has an unemployment rate of 4.2%. The US average is 6.0%.
Rock Lake has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Rock Lake
- The Sales Tax Rate for Rock Lake is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Rock 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 Rock Lake
- The average income of a Rock Lake resident is $34,973 a year. The US average is $28,555 a year.
- The Median household income of a Rock Lake resident is $61,667 a year. The US average is $69,021 a year.