Camp Lake, MN is a small town with a population of about 5,000 people. Located in the north-central area of Minnesota, Camp Lake offers its residents a peaceful retreat for those looking to escape from the bustle of large cities. Rent for a two bedroom apartment in Camp Lake is significantly lower than the national average—$800 compared to $1,430—making it an attractive destination for those on a tight budget. Additionally, groceries are also cheaper in Camp Lake than other parts of the country; the Grocery Cost Index here is 95 versus 100 nationwide. The town has plenty of small businesses for job opportunities as well as recreational activities like camping and fishing nearby. All in all, Camp Lake is an idyllic and affordable place to live.
Camp Lake has an unemployment rate of 5.6%. The US average is 6.0%.
Camp Lake has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Camp Lake
- The Sales Tax Rate for Camp Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Camp 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 Camp Lake
- The average income of a Camp Lake resident is $31,735 a year. The US average is $28,555 a year.
- The Median household income of a Camp Lake resident is $87,188 a year. The US average is $69,021 a year.