Lutsen Township, MN has an overall cost of living that is lower than most places in the U.S. Rent for a two-bedroom apartment is $860 compared to the national average of $1,430. The grocery cost index in Lutsen Township is also significantly lower than the US rate at 102 versus 100 respectively. There are several local businesses that have recently opened in this area such as Anchor Bar & Grill, Solbakken Resort, and Larsmont Cottages on Lake Superior. All these factors combine to make Lutsen Township an attractive destination with a low cost of living.
Lutsen township has an unemployment rate of 7.4%. The US average is 6.0%.
Lutsen township has seen the job market increase by 12.9% over the last year. Future job growth over the next ten years is predicted to be 55.5%, which is higher than the US average of 33.5%.
Tax Rates for Lutsen township
- The Sales Tax Rate for Lutsen township is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Lutsen township 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 Lutsen township
- The average income of a Lutsen township resident is $32,211 a year. The US average is $28,555 a year.
- The Median household income of a Lutsen township resident is $75,598 a year. The US average is $69,021 a year.