Thief Lake, MN is a small city located in northern Minnesota. Despite its relatively small size, Thief Lake offers plenty of amenities and attractions. The cost of living in the area is very affordable, with a median 2-bedroom rent of only $810 compared to the US average of $1,430. In addition, the Grocery Cost Index is 94 versus 100 in the US, making it even more affordable for people who choose to live here.
Thief Lake has a variety of local businesses that residents can take advantage of. These include Timbo's Market & Deli for groceries; North Star Auto Parts for car repair and maintenance; Country Bank USA for banking services; and Miles Street Bar & Grill for dining out. All these businesses make Thief Lake an attractive place to live for people who want an affordable cost of living while having access to necessary amenities.
Thief Lake has an unemployment rate of 6.6%. The US average is 6.0%.
Thief Lake has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Thief Lake
- The Sales Tax Rate for Thief Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Thief 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 Thief Lake
- The average income of a Thief Lake resident is $23,275 a year. The US average is $28,555 a year.
- The Median household income of a Thief Lake resident is $71,250 a year. The US average is $69,021 a year.