Grand Lake, MN is a small town located in the midwest. It offers a peaceful atmosphere and plenty of outdoor activities for its residents. The 2 bedroom rent in Grand Lake is slightly more than the average USA rent at $1,460 compared to $1,430 respectively. In addition to rental prices, Grand Lake also has an average grocery cost index of 100 which is equal to the US average. The town has several companies including Stations Ace Hardware Store, J & J Auto Repair Shop, G & S Plumbing Supply company and more that help provide many services to the citizens of Grand Lake. Despite being a smaller community than larger cities in America, Grand Lake still provides many amenities comparable to those found in larger locations throughout the US.
Grand Lake has an unemployment rate of 4.8%. The US average is 6.0%.
Grand Lake has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Grand Lake
- The Sales Tax Rate for Grand Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Grand 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 Grand Lake
- The average income of a Grand Lake resident is $33,912 a year. The US average is $28,555 a year.
- The Median household income of a Grand Lake resident is $96,397 a year. The US average is $69,021 a year.