Lake View, MN is a small town located in the Midwest United States. It is known for its natural beauty and quaint atmosphere, as well as for its affordability. Renting a two-bedroom apartment in Lake View costs around $880 per month which is significantly lower than the US average of $1,430. Additionally, shoppers can enjoy a lower cost of living due to the Grocery Cost Index being identical to that of the US at 100. The community of Lake View is served by numerous businesses and organizations such as Greenfield Bank, Small Business Solutions and the Church of St Francis. Residents value their tight-knit community and enjoy participating in local events like their annual Farmers Market.
Lake View has an unemployment rate of 5.3%. The US average is 6.0%.
Lake View has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Lake View
- The Sales Tax Rate for Lake View is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Lake View 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 View
- The average income of a Lake View resident is $33,539 a year. The US average is $28,555 a year.
- The Median household income of a Lake View resident is $68,015 a year. The US average is $69,021 a year.