Lake Hanska, MN is a picturesque small town located in south-west Minnesota. With its quaint downtown and charming atmosphere, it's no surprise that Lake Hanska has become a popular place to live. Residents of Lake Hanska enjoy a lower cost of living than most other places in the United States, with two-bedroom rent prices averaging around $1,190 compared to the US average of $1,430. Additionally, groceries and other necessities are on average 2 percent lower than the national average.
In terms of local companies, Lake Hanska is home to Hanska Farmers Co-op offering top quality supplies for both farmers and hobby gardeners, Hansen Hardware & Rental providing all the essential hardware needs for homeowners as well as equipment rental services and Kuntz Family Dairy serving delicious ice cream and frozen dairy products. There are many other businesses in Lake Hanska that make this small town even more unique and attractive to residents.
Lake Hanska has an unemployment rate of 4.8%. The US average is 6.0%.
Lake Hanska has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Lake Hanska
- The Sales Tax Rate for Lake Hanska is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Lake Hanska 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 Hanska
- The average income of a Lake Hanska resident is $34,714 a year. The US average is $28,555 a year.
- The Median household income of a Lake Hanska resident is $93,750 a year. The US average is $69,021 a year.