Lake township (Wabasha Cnty), Minnesota 

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Economy in Lake township (Wabasha Cnty), Minnesota

Lake township (Wabasha Cnty) has an unemployment rate of 3.1%. The US average is 3.9%.

Lake township (Wabasha Cnty) 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 28.5%, which is lower than the US average of 33.5%.

Tax Rates for Lake township (Wabasha Cnty)
- The Sales Tax Rate for Lake township (Wabasha Cnty) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Lake township (Wabasha Cnty) 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 township (Wabasha Cnty)
- The average income of a Lake township (Wabasha Cnty) resident is $34,003 a year. The US average is $28,555 a year.
- The Median household income of a Lake township (Wabasha Cnty) resident is $76,667 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYLake township (Wabasha County), MinnesotaUnited States
  3.1%3.7%
  0.4%1.6%
  28.5%33.5%
  7.4%6.2%
  7.1%4.6%
  $43,875$31,177
  $91,389$57,652
  $101,250$70,850
  POPULATION BY OCCUPATION
  8.3%1.3%
  0.0%0.6%
  4.5%6.2%
  18.9%10.4%
  1.9%2.7%
  6.8%11.6%
  2.3%4.1%
  1.5%0.9%
  1.5%2.1%
  6.4%4.7%
  1.1%1.9%
  1.5%6.7%
  0.0%0.1%
  4.2%4.3%
  2.3%9.3%
  17.8%13.8%
  1.9%2.2%
  7.2%7.4%
  6.1%4.9%
  5.7%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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