Long Lost Lake, MN is a small town located in northern Minnesota. It is known for its beautiful lake and great outdoor activities including fishing, hiking, and snowmobiling. The cost of living is quite low compared to the national average with two bedroom rental houses costing $840 per month and grocery prices being 4% lower than the US average. This makes Long Lost Lake an attractive place to live for people who are looking for a peaceful yet affordable home.
The town has many local stores and restaurants, such as The Fish Hook Restaurant for delicious seafood and sandwiches, Long Lost Wines & Spirits for wine enthusiasts, Bison Emporium for unique gifts and decorations, and The Wharf General Store which sells items like local produce and handmade crafts. There are also plenty of great attractions in town such as the Long Lost Lake Nature Center where visitors can learn about the natural wildlife in the area or take one of several guided hikes or boat tours. Regardless of your interests there is something for everyone in Long Lost Lake!
Long Lost Lake has an unemployment rate of 8.7%. The US average is 6.0%.
Long Lost Lake has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Long Lost Lake
- The Sales Tax Rate for Long Lost Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Long Lost 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 Long Lost Lake
- The average income of a Long Lost Lake resident is $40,331 a year. The US average is $37,638 a year.
- The Median household income of a Long Lost Lake resident is $71,250 a year. The US average is $69,021 a year.