Crow Lake, MN is an attractive location for people looking for a more affordable cost of living. Rent for a two-bedroom apartment in Crow Lake is significantly lower than the national average, only costing $890 compared to the US average of $1430. Grocery price index in Crow Lake versus the US is also notably lower at 95 compared to 100. Not only are daily costs more manageable, but people are able to take advantage of local businesses; such as Zesty Paws Boutique and Salon, Cottage Corner Cafe & Bakery, and Modulars by Design. These local shops provide residents with quality services and products while still affording them the opportunity to save money when compared to national prices.
Crow Lake has an unemployment rate of 4.7%. The US average is 6.0%.
Crow Lake has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Crow Lake
- The Sales Tax Rate for Crow Lake is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Crow 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 Crow Lake
- The average income of a Crow Lake resident is $43,091 a year. The US average is $37,638 a year.
- The Median household income of a Crow Lake resident is $82,813 a year. The US average is $69,021 a year.