Lake George township, MN Economy


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United States / Minnesota / No Metro Area / Hubbard County / Lake George township / Zip Codes
Lake George township (Hubbard Cnty), MN is a great place to live for those looking for an affordable, comfortable lifestyle. The 2 bedroom rent in the area is $900 per month which is much lower than the US average of $1,430 per month. On top of that, the grocery cost index in Lake George township (Hubbard Cnty), MN is 99 versus 100 in the US, making it even more budget friendly. There are also many local businesses and attractions to enjoy. Some popular companies include Hubbard County Health Services, St. Joseph's Catholic Church and Lakeside Lumber & Supply Co., Inc. For those who enjoy outdoors activities, the area offers stunning lakefront views from its several parks such as Lake Itasca State Park or Beachside Resort and Conference Center. With its affordable costs and attractive locations, Lake George township (Hubbard Cnty), MN provides a great place to live for anyone looking for a change of scenery.

Lake George township has an unemployment rate of 6.1%. The US average is 6.0%.

Lake George township has seen the job market decrease by -2.5% 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 George township
- The Sales Tax Rate for Lake George township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Lake George township 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 George township
- The average income of a Lake George township resident is $30,428 a year. The US average is $37,638 a year.
- The Median household income of a Lake George township resident is $60,875 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLake George township, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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