Willow Lake, MN is a peaceful city located in the heart of Minnesota. It is a great place to live with its low cost of living. The two bedroom rent in Willow Lake, MN is much lower than the US as a whole at $820 versus $1,430. In addition, their grocery cost index is 95 versus 100 in the US. Being located in Minnesota, there are plenty of amenities to enjoy such as shopping and dining at local businesses like Bucky's Barbershop, Mary's Diner and Carl's Hardware Store. There are also various outdoor activities such as fishing at nearby lakes or hiking on nature trails. There are many parks and recreation centers for anyone looking to stay active while enjoying all Willow Lake has to offer!
Willow Lake has an unemployment rate of 5.5%. The US average is 6.0%.
Willow Lake has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Willow Lake
- The Sales Tax Rate for Willow Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Willow 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 Willow Lake
- The average income of a Willow Lake resident is $28,795 a year. The US average is $28,555 a year.
- The Median household income of a Willow Lake resident is $52,500 a year. The US average is $69,021 a year.