Dead Lake, MN is a small but vibrant town located in the Midwest. It boasts a cost of living index that is below the national average and a 2 bedroom rent that is considerably lower than the US average at $850. This makes it an attractive place for individuals and families to move to without stretching their budget too far. There are many locally-owned businesses in Dead Lake, including Johnson's Groceries, The Dead Lake Cafe, and Nance Real Estate. These businesses can be found scattered throughout the quaint downtown area and provide much of the local flavor that makes Dead Lake so unique. With its affordable housing options, friendly locals, and abundance of local attractions, Dead Lake is an ideal place to live!
Dead Lake has an unemployment rate of 5.3%. The US average is 6.0%.
Dead Lake has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Dead Lake
- The Sales Tax Rate for Dead Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Dead 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 Dead Lake
- The average income of a Dead Lake resident is $26,887 a year. The US average is $28,555 a year.
- The Median household income of a Dead Lake resident is $82,778 a year. The US average is $69,021 a year.