West Lakeland, MN is a vibrant community located in the heart of Minnesota. It's known for its beautiful lakes and outdoor activities, making it a great place to live for those who love the outdoors. The local economy is supported by many well-known companies such as Target, Best Buy, and 3M Corporation. The cost of living in West Lakeland is also very affordable with rent for two bedrooms averaging $1,390 compared to the United States average of $1,430. Additionally, grocery costs are 5% lower in West Lakeland than elsewhere in the US. With all these benefits and more, it's no surprise that people are drawn to West Lakeland for a high quality of life at an affordable price.
West Lakeland has an unemployment rate of 3.9%. The US average is 6.0%.
West Lakeland has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.4%, which is higher than the US average of 33.5%.
Tax Rates for West Lakeland
- The Sales Tax Rate for West Lakeland is 7.1%. The US average is 7.3%.
- The Income Tax Rate for West Lakeland 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 West Lakeland
- The average income of a West Lakeland resident is $41,078 a year. The US average is $28,555 a year.
- The Median household income of a West Lakeland resident is $162,962 a year. The US average is $69,021 a year.