Mountain Lake township, MN Economy


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United States / Minnesota / No Metro Area / Cottonwood County / Mountain Lake township / Zip Codes
equestId":"9b3417aa-f748-4e0e-b1e1-766a72d97773","resource":"content","data":[{"id":"txt_03ae60f1391e49baa235784984559634","text":", and compare them with US averages:\n \nMountain Lake township, MN is an attractive place to live as it provides affordable rental options. The average 2-bedroom rent in Mountain Lake township is $840 which is significantly lower than the national average of $1,430. Additionally, the grocery cost index for Mountain Lake township is 93 versus 100 in the US making it a great place for those looking to save money on their food expenses as well. Local companies such as Valley Bank and Medical One Clinic have made Mountain Lake an attractive location for businesses too. Valley Bank offers competitive rates and services while Medical One Clinic provides quality healthcare services. Overall, Mountain Lake is a great place to live, work and play due to its affordability and local businesses.

Mountain Lake township has an unemployment rate of 4.1%. The US average is 6.0%.

Mountain Lake township has seen the job market increase by 4.8% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.

Tax Rates for Mountain Lake township
- The Sales Tax Rate for Mountain Lake township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Mountain 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 Mountain Lake township
- The average income of a Mountain Lake township resident is $28,465 a year. The US average is $37,638 a year.
- The Median household income of a Mountain Lake township resident is $83,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMountain Lake township, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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