Lake Stay, MN is a wonderful city to live in. It offers many local businesses and amenities to its residents. For example, there are several restaurants, cafes, grocery stores, and other shops located within the city. Additionally, the average two-bedroom rent in Lake Stay is significantly lower than the national average; at $760 per month compared to $1 430 across the US. Furthermore, the Grocery Cost Index in Lake Stay is 93 versus 100 in the US which makes it an affordable place to live. Some of the biggest employers that call Lake Stay home include Walmart, McDonalds and Target. There are also many local businesses such as Yalty Florists and Woodland Street Bakery that bring a unique flavor to this great city.
Lake Stay has an unemployment rate of 5.7%. The US average is 6.0%.
Lake Stay has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Lake Stay
- The Sales Tax Rate for Lake Stay is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lake Stay 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 Lake Stay
- The average income of a Lake Stay resident is $28,164 a year. The US average is $28,555 a year.
- The Median household income of a Lake Stay resident is $91,458 a year. The US average is $69,021 a year.