Lakeview, MN is a small town located in the Midwest region of the United States. Despite its size, Lakeview offers a variety of amenities for its residents. Notably, the 2 bedroom rental cost in Lakeview of $920 is much lower than the US average at $1,430. Additionally, groceries in Lakeview are considered cheaper than the national average as evidenced by their grocery cost index of 98 versus 100. Local companies such as Lakeview Town Hall and Smith's Family Pharmacy serve to meet the needs of locals while also bolstering economic activity within the area. Furthermore, with its beautiful lakefront views and accessible convenience stores, Lakeview is an ideal place to live for those on a budget.
Lakeview has an unemployment rate of 5.3%. The US average is 6.0%.
Lakeview 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 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Lakeview
- The Sales Tax Rate for Lakeview is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Lakeview 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 Lakeview
- The average income of a Lakeview resident is $21,204 a year. The US average is $28,555 a year.
- The Median household income of a Lakeview resident is $67,031 a year. The US average is $69,021 a year.