Lengby, MN is a small town with plenty of opportunities for those looking for an affordable place to live. The 2 bedroom rent in Lengby, MN is $1,090 compared to the US average of $1,430. This makes it a great option for those looking to save money while still enjoying all the amenities of a larger city. In addition to its low rent costs, the Grocery Cost Index in Lengby is 95 versus 100 in the US. This means that groceries are also more affordable in Lengby than other places around the country. Local businesses such as Lakeland Electric, Leech Lake Motorsports, and Peterson Oil Company make up the local economy and provide many jobs for residents. All this combined makes Lengby an attractive place to live with its lower cost of living overall.
Lengby has an unemployment rate of 4.9%. The US average is 6.0%.
Lengby has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Lengby
- The Sales Tax Rate for Lengby is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Lengby 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 Lengby
- The average income of a Lengby resident is $22,163 a year. The US average is $28,555 a year.
- The Median household income of a Lengby resident is $53,438 a year. The US average is $69,021 a year.