Eagle Lake township, MN is a small community located in the south-central part of the state. It is known for its beautiful scenery and low cost of living. The two bedroom rent in Eagle Lake is $830 compared to the US average of $1,430, and local grocery prices also index at 100 against an average of 100 for the country. Many local businesses that are unique to Eagle Lake include Nelsons Hardware & Supply Store, Toms Outfitters Sporting Goods Store, and Liz’s Bakery & Cafe. The cost of living in Eagle Lake is much lower than other areas in the US, making it a great place to live or visit.
Eagle Lake township (Otter Tail County) has an unemployment rate of 5.3%. The US average is 6.0%.
Eagle Lake township (Otter Tail County) 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 Eagle Lake township (Otter Tail County)
- The Sales Tax Rate for Eagle Lake township (Otter Tail County) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Eagle Lake township (Otter Tail County) 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 Eagle Lake township (Otter Tail County)
- The average income of a Eagle Lake township (Otter Tail County) resident is $40,252 a year. The US average is $37,638 a year.
- The Median household income of a Eagle Lake township (Otter Tail County) resident is $69,688 a year. The US average is $69,021 a year.