Minnesota Lake Township is an attractive place to live for those looking for affordable housing options. The average 2 Bedroom rent in Minnesota Lake Township is $900, which is significantly lower than the national average rent of $1,430. Additionally, grocery items are more affordable in Minnesota Lake Townships as well; The Grocery Cost Index in Minnesota Lake townhsip is 94 compared to the US average of 100.
This small town offers a variety of businesses and amenities to its residents including the popular restaurant Paradise Grille & Bar and the local furniture store Timber Lodge Furniture. There are also several recreational activities around town such as hiking trails at Heartland Park, fishing spots on Big Swan Lake and plenty of nature preserves scattered around Minnesota Lake Township. Residents can always find something fun to do in this picturesque community!
Minnesota Lake township has an unemployment rate of 5.2%. The US average is 6.0%.
Minnesota Lake township has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Minnesota Lake township
- The Sales Tax Rate for Minnesota Lake township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Minnesota Lake 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 Minnesota Lake township
- The average income of a Minnesota Lake township resident is $44,205 a year. The US average is $37,638 a year.
- The Median household income of a Minnesota Lake township resident is $88,750 a year. The US average is $69,021 a year.