Heron Lake, MN is an attractive place to live with a reasonable cost of living. A two bedroom rental in the area costs $830 per month which is significantly lower than the US average of $1,430. Grocery expenses are also relatively low in Heron Lake, MN with an index of 93 versus 100 in the US. The town offers many amenities for its residents including a variety of local businesses. Heron Lake Auto Repair offers general maintenance, tune ups, tire repair, and oil changes for all types of vehicles. Hart Tire Service specializes in tires and wheels with competitive prices on all major brands. For those looking to spruce up their homes, there is Heron Creek Interiors which provides high quality furniture and design services. Finally, Herman Lake Lumber carries a large selection of building materials at affordable prices.
Heron Lake has an unemployment rate of 4.3%. The US average is 6.0%.
Heron Lake has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 6.7%, which is lower than the US average of 33.5%.
Tax Rates for Heron Lake
- The Sales Tax Rate for Heron Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Heron 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 Heron Lake
- The average income of a Heron Lake resident is $22,001 a year. The US average is $28,555 a year.
- The Median household income of a Heron Lake resident is $65,000 a year. The US average is $69,021 a year.