equestId":"4799ad40-5a35-4ca9-b786-6e9e532dc498","resource":"content","data":[{"id":"txt_56a43c2e20224654a2627caa7d2b4a52","text":"\nMartin Lake, MN is a small town situated in the heart of Minnesota. It is known for its peaceful atmosphere and low cost of living. The average 2 bedroom rent in Martin Lake is $1,240 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Martin Lake is 101 versus 100 in the US, making it an ideal place to live for those looking to save money. There are several local companies found in Martin Lake including North Star Electric Inc., Martin Lake Fire Department, and Martin Lake Business Association. These businesses provide employment opportunities for locals and contribute to the prosperity of the small town.
Martin Lake has an unemployment rate of 4.4%. The US average is 6.0%.
Martin Lake has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.
Tax Rates for Martin Lake
- The Sales Tax Rate for Martin Lake is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Martin 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 Martin Lake
- The average income of a Martin Lake resident is $31,298 a year. The US average is $28,555 a year.
- The Median household income of a Martin Lake resident is $92,321 a year. The US average is $69,021 a year.