Lake Shore township, MN is a wonderful community with plenty of amenities and businesses. The cost of living is quite reasonable with a 2 bedroom rent at $750, which is much less than the US average of $1,430. Groceries are even cheaper in Lake Shore township as evidenced by their 93 Grocery Cost Index compared to the national average of 100. There are many local businesses that contribute to the strong local economy such as Bergstrom Motors, Pines Cinema 10 Theatre, and Durabilt Manufacturing. In addition to businesses, Lake Shore township offers other attractions including an outdoor amphitheater for concerts and plays, miles of biking and walking trails along scenic lakeshores, a golf course, and beautiful parks. All in all, Lake Shore township makes for a great place to live with its affordability, economic stability, and variety of recreational opportunities available.
Lake Shore township (Lac qui Parle County) has an unemployment rate of 4.5%. The US average is 6.0%.
Lake Shore township (Lac qui Parle County) has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Lake Shore township (Lac qui Parle County)
- The Sales Tax Rate for Lake Shore township (Lac qui Parle County) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lake Shore township (Lac qui Parle County) 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 Shore township (Lac qui Parle County)
- The average income of a Lake Shore township (Lac qui Parle County) resident is $52,813 a year. The US average is $37,638 a year.
- The Median household income of a Lake Shore township (Lac qui Parle County) resident is $69,167 a year. The US average is $69,021 a year.