Lime Lake, MN is a small town located in the Midwest. It has a population of just over 3,000 people and is known for its quaint atmosphere and friendly residents. The cost of living is quite affordable in this area with rent for two bedrooms averaging at $830 per month compared to $1,430 nationally. Additionally, the Grocery Cost Index in Lime Lake is 93 while the national average is 100. Due to its rural location, there are many local businesses that rely on the community support from locals as well as those who visit for vacation. These businesses include Anderson’s General Store which has been family owned since 1815, Trattoria Cassano Italian Restaurant which serves up delicious Italian cuisine in a cozy atmosphere, and Silver Creek Golf Course where you can enjoy a round of golf while admiring beautiful views of the lake.
Lime Lake has an unemployment rate of 6.4%. The US average is 6.0%.
Lime Lake has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Lime Lake
- The Sales Tax Rate for Lime Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lime Lake 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 Lime Lake
- The average income of a Lime Lake resident is $27,078 a year. The US average is $28,555 a year.
- The Median household income of a Lime Lake resident is $71,250 a year. The US average is $69,021 a year.