Lake Emma, MN is a small town located in the Midwest region of the United States. It has many local businesses that make it a great place to live. These businesses include stores such as EJ's Supermarket, The Hardware Store, and Blackberry Creek Cafe. All of these places offer great products at reasonable prices. In addition to affordable goods and services, Lake Emma also offers lower costs for rent on 2 bedroom apartments compared to the national average. At $910 per month, this is significantly lower than the US 2 bedroom rent of $1,430. Similarly, grocery cost index in Lake Emma is 98 compared with 100 in the US. This low cost of living makes Lake Emma an ideal place to call home for those looking for a budget-friendly place to live.
Lake Emma has an unemployment rate of 6.1%. The US average is 6.0%.
Lake Emma has seen the job market increase by 6.6% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.
Tax Rates for Lake Emma
- The Sales Tax Rate for Lake Emma is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Lake Emma 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 Emma
- The average income of a Lake Emma resident is $33,593 a year. The US average is $28,555 a year.
- The Median household income of a Lake Emma resident is $79,412 a year. The US average is $69,021 a year.