Lone Pine, MN Economy


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United States / Minnesota / No Metro Area / Itasca County / Lone Pine / Zip Codes
Lone Pine, MN is a small town located in Minnesota with a population of just over 700 people. It boasts a low cost of living compared to many other parts of the United States, with 2 bedroom rents averaging around $960 and a grocery cost index that is 96 versus 100 in the US. Some local companies in Lone Pine include Mick's Auto Care, Lakeside Spirits & Wines, and Krohn's Country Store. The median household income in Lone Pine is approximately $23,000 annually while the average housing cost is around $174,000 which is well below the national average. Overall Lone Pine provides residents with an excellent quality of life at an affordable price.

Lone Pine has an unemployment rate of 6.2%. The US average is 6.0%.

Lone Pine has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Lone Pine
- The Sales Tax Rate for Lone Pine is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lone Pine 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 Lone Pine
- The average income of a Lone Pine resident is $42,299 a year. The US average is $37,638 a year.
- The Median household income of a Lone Pine resident is $92,885 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLone Pine, MinnesotaUnited States
  6.26
  -1.9%-6.2%
  20.5%33.5%
  6.9%6.2%
  7.1%4.6%
  $42,299$37,638
  $92,885$69,021
  $103,500$85,028
  Population by Occupation
  0.8%1.2%
  4.9%0.5%
  5.4%6.8%
  7.8%10.0%
  0.8%2.5%
  11.5%11.0%
  3.3%4.8%
  5.4%0.8%
  0.0%1.9%
  10.3%4.7%
  1.2%1.9%
  0.0%7.6%
  0.8%0.1%
  0.0%4.2%
  4.9%9.3%
  27.6%14.0%
  0.0%2.1%
  0.0%7.0%
  3.7%4.8%
  11.5%4.7%
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