Graham Lakes, MN is a small town nestled in a picturesque lake region. The area is known for its abundant outdoor activities such as fishing, boating, camping, and more. It is also home to several local businesses including Graham Lakes Foods Grocery Store, Steve’s Hardware Store, Jane’s Home Decor Shop, and Andy’s Auto Repair & Towing. With a lower cost of living than the US average in both rental prices and grocery costs, Graham Lakes makes an ideal place to live or visit for those looking for a relaxed atmosphere with easy access to recreation. A two bedroom apartment in the area only costs $860 while the national average is $1,430. Additionally, the grocery cost index in Graham Lakes is 95 versus 100 in the US on average making it an affordable option for groceries as well.
Graham Lakes has an unemployment rate of 3.7%. The US average is 6.0%.
Graham Lakes has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Graham Lakes
- The Sales Tax Rate for Graham Lakes is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Graham Lakes 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 Graham Lakes
- The average income of a Graham Lakes resident is $31,348 a year. The US average is $37,638 a year.
- The Median household income of a Graham Lakes resident is $83,125 a year. The US average is $69,021 a year.