Sturgeon Lake, Minnesota is a small town with a population of approximately 961 people. It's situated in Pine County and offers its residents a rural lifestyle. The cost of living in Sturgeon Lake is quite affordable; 2 bedroom rents are significantly lower than US average rents, with the average 2 bedroom rent being $1,060 compared to the US average rent of $1,430. Grocery Cost Index is also very low at 98 versus 100 nationally. There are several local businesses such as Fat Boys BBQ Shack, The Country Kitchen Café, and Bucks Portable Welding that provide services within the town. All in all, Sturgeon Lake is an excellent place for those who want to live a more rural lifestyle without breaking the bank on rent and groceries.
Sturgeon Lake has an unemployment rate of 7.7%. The US average is 6.0%.
Sturgeon Lake has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Sturgeon Lake
- The Sales Tax Rate for Sturgeon Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Sturgeon 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 Sturgeon Lake
- The average income of a Sturgeon Lake resident is $16,943 a year. The US average is $28,555 a year.
- The Median household income of a Sturgeon Lake resident is $85,250 a year. The US average is $69,021 a year.