Lavell, Minnesota is a small town located in the state's northern region. The local economy consists primarily of small businesses such as grocery stores, clothing outlets, and coffee shops. The cost of living in Lavell is quite low compared to other parts of the country; 2 bedroom rent averages at $930 while the national average is $1,430. Grocery costs are also quite low with an index of 93 versus 100 in the US. This makes Lavell a great place to live for those looking for a lower cost of living with access to great local businesses.
Lavell has an unemployment rate of 4.8%. The US average is 6.0%.
Lavell 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 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Lavell
- The Sales Tax Rate for Lavell is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Lavell 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 Lavell
- The average income of a Lavell resident is $24,597 a year. The US average is $28,555 a year.
- The Median household income of a Lavell resident is $69,375 a year. The US average is $69,021 a year.