Gail Lake, MN is a small town located in the northeast region of Minnesota. The town has a population of just over 1,000 people. This quaint little town offers affordable living with two bedroom rentals being priced at $890 compared to the US average of $1,430. Additionally, the Grocery Cost Index for Gail Lake is 96 versus 100 in the US which helps make living here even more affordable.
A few local companies in Gail Lake are Johnson's Auto Shop for car repair needs, as well as Thompson Electric that provides electrical services to both residential and commercial customers. Government services in Gail Lake include a police department and post office. As far as attractions go, Gail Lake is home to some stunning natural landscapes including Crystal Lake Park which features hiking trails and picnic areas. It's also host to the annual 4th of July celebration with fireworks displays over the lake.
Gail Lake has an unemployment rate of 6.0%. The US average is 6.0%.
Gail Lake 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 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Gail Lake
- The Sales Tax Rate for Gail Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Gail 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 Gail Lake
- The average income of a Gail Lake resident is $23,630 a year. The US average is $28,555 a year.
- The Median household income of a Gail Lake resident is $35,625 a year. The US average is $69,021 a year.