Lone Tree, MN is a small town located in Fillmore County. The town is home to several businesses such as Lone Tree Lumber, Gopher’s Auto Parts, and Farmers Insurance. This vibrant community offers an affordable lifestyle with 2 bedroom rents averaging $830 compared to the US average of $1,430. Additionally, grocery costs are also lower in Lone Tree with the index sitting at 94 compared to 100 in the US. In short, Lone Tree is a great place for families looking for an affordable place to call home.
Lone Tree has an unemployment rate of 4.4%. The US average is 6.0%.
Lone Tree has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Lone Tree
- The Sales Tax Rate for Lone Tree is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lone Tree 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 Tree
- The average income of a Lone Tree resident is $32,370 a year. The US average is $37,638 a year.
- The Median household income of a Lone Tree resident is $95,000 a year. The US average is $69,021 a year.