Howard Lake, MN Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Howard Lake, MN is a quaint town located in the heart of Minnesota. It offers an array of local businesses and attractions, allowing its residents to enjoy all the benefits of a small-town community. The rent for two bedroom apartments in Howard Lake is much more affordable than the US average, at $1,250 compared to $1,430. Additionally, groceries are slightly cheaper here as well with the grocery cost index being 99 versus 100 in the US. Local companies and attractions include Sunny Days Cafe, Ol' Waverly's Antiques & Collectibles, and Ol' Waverly Golf Course. Visitors can also take advantage of Thorson Park—a great spot for walking trails and other outdoor activities—and The Chateaux on Tenth Street, an upscale restaurant that serves sophisticated dishes. With so much to explore in Howard Lake, MN it's no wonder that it continues to be a popular destination for both locals and visitors alike.

Howard Lake has an unemployment rate of 4.5%. The US average is 6.0%.

Howard Lake has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.

Tax Rates for Howard Lake
- The Sales Tax Rate for Howard Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Howard 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 Howard Lake
- The average income of a Howard Lake resident is $22,145 a year. The US average is $28,555 a year.
- The Median household income of a Howard Lake resident is $77,644 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHoward Lake, MinnesotaUnited States
  4.56
  -3.5%-6.2%
  36.1%33.5%
  7.4%6.2%
  7.1%4.6%
  $36,041$37,638
  $77,644$69,021
  $91,484$85,028
  Population by Occupation
  2.3%1.2%
  0.0%0.5%
  13.7%6.8%
  25.5%10.0%
  1.6%2.5%
  5.3%11.0%
  1.0%4.8%
  0.0%0.8%
  1.7%1.9%
  10.9%4.7%
  0.2%1.9%
  2.9%7.6%
  0.0%0.1%
  5.4%4.2%
  5.7%9.3%
  14.4%14.0%
  1.7%2.1%
  4.0%7.0%
  2.7%4.8%
  0.9%4.7%
Health
Compare Howard Lake, MN
cost of living
Compare food, housing, utilities, and more in Howard Lake, Minnesota to any other city in the US.