Hill Lake, Minnesota is an idyllic small town located in northeastern Minnesota. It offers a peaceful and beautiful atmosphere for its residents, featuring plenty of local outdoor recreational activities such as biking, hiking, and fishing. Hill Lake is home to a few businesses such as the Hill Lake Grocery Store and the Hill Lake Hardware Store. The cost of living in Hill Lake is relatively low with average rent prices at $870 for a two-bedroom unit compared to the national average of $1,430. Additionally, the grocery cost index in Hill Lake is 94 which is lower than the US average of 100. Therefore, living in Hill Lake can be very affordable for anyone looking for a laid-back location that offers plenty of recreational activities.
Hill Lake has an unemployment rate of 7.1%. The US average is 6.0%.
Hill Lake has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Hill Lake
- The Sales Tax Rate for Hill Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Hill 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 Hill Lake
- The average income of a Hill Lake resident is $27,310 a year. The US average is $37,638 a year.
- The Median household income of a Hill Lake resident is $69,167 a year. The US average is $69,021 a year.