Crooked Lake, MN Economy


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Crooked Lake, MN is a small town located in the southern part of the state. It has a population of about 3,000 people and is home to several local businesses, including Crooked Lake Pharmacy, the Crooked Lake Diner, and Hartley's Grocery Store. The town is full of friendly locals who enjoy outdoor activities like hiking and fishing. The cost of living in Crooked Lake is quite affordable with two bedroom rentals coming in at $900 per month. Additionally, grocery costs are 5% lower than the US average. This makes it a desirable location for those looking for an affordable place to live in Minnesota.

Crooked Lake has an unemployment rate of 8.4%. The US average is 6.0%.

Crooked Lake has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.

Tax Rates for Crooked Lake
- The Sales Tax Rate for Crooked Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Crooked 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 Crooked Lake
- The average income of a Crooked Lake resident is $40,426 a year. The US average is $37,638 a year.
- The Median household income of a Crooked Lake resident is $60,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCrooked Lake, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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