Lakeland Shores, MN is an attractive location with its close proximity to the lake and numerous local businesses. The cost of living in this area is slightly higher than the US average, with a two bedroom rent being $1,440 compared to $1,430 in the US on average. Additionally, the grocery cost index for Lakeland Shores is 101 versus 100 in the US. There are many popular companies such as UpNorth Premium Ice Cream Co., Gizmo's Pizza, and The Birchwood Cafe that make this area a desirable place to live.
Lakeland Shores has an unemployment rate of 3.9%. The US average is 6.0%.
Lakeland Shores has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.4%, which is higher than the US average of 33.5%.
Tax Rates for Lakeland Shores
- The Sales Tax Rate for Lakeland Shores is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Lakeland Shores 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 Lakeland Shores
- The average income of a Lakeland Shores resident is $52,439 a year. The US average is $28,555 a year.
- The Median household income of a Lakeland Shores resident is $125,000 a year. The US average is $69,021 a year.