Finland, MN is a small city located in Lake County, close to the Twin Cities. It has an estimated population of 690 people and is known for its rural beauty. The average rent for a two bedroom apartment is $890 which is significantly lower than the US average of $1,430. Grocery costs are also lower than the national average with a cost index of 96 compared to 100. Local companies include Lake Country Power, Minnesota Power, and Northern Board Co-op. Finland is conveniently located within commuting distance from both Minneapolis and St. Paul making it an ideal place for those looking for affordable yet convenient living in northwestern Minnesota.
Finland has an unemployment rate of 5.1%. The US average is 6.0%.
Finland has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Finland
- The Sales Tax Rate for Finland is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Finland 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 Finland
- The average income of a Finland resident is $29,098 a year. The US average is $28,555 a year.
- The Median household income of a Finland resident is $51,071 a year. The US average is $69,021 a year.