Lanesboro, Minnesota is a charming small town situated in the scenic bluffs of southeastern Minnesota. It is nestled on the Root River and boasts a variety of natural gems. The 2 bedroom rent in Lanesboro is much lower than the national average of $1,430, making it an affordable place to live. The Grocery Cost Index in Lanesboro is also below the national average at 98 versus 100 in the US. Local businesses are plentiful in Lanesboro and range from farm-to-table restaurants like Root River Market to country stores like Joe’s Country Store and Hardware. There are also several gift shops including Dutch Mill Greenhouse & Floral that specialize in unique local products, as well as Rivers Edge Bait & Tackle which offers outdoor adventure and equipment for fishing enthusiasts. There's something for everyone in this idyllic Minnesota town!
Lanesboro has an unemployment rate of 4.7%. The US average is 6.0%.
Lanesboro 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 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Lanesboro
- The Sales Tax Rate for Lanesboro is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Lanesboro 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 Lanesboro
- The average income of a Lanesboro resident is $25,890 a year. The US average is $28,555 a year.
- The Median household income of a Lanesboro resident is $63,523 a year. The US average is $69,021 a year.