Osakis, MN is a small city located in Douglas County in the West Central part of the state. It is a great place to live with its affordability and small-town atmosphere. The average 2 bedroom rent here is significantly lower than the US average at $1,000 versus $1,430 making it a great bargain for those looking for a home. Grocery costs are also relatively low with an index of 98 versus 100 in the US.
The area has many local businesses such as Osakis Hardware & Lumber Co., Osakis Beach Bar & Grill, and Osakis Glass & Mirror Inc., providing residents with job opportunities and places to shop for goods and services. All in all, Osakis is an attractive option for those looking for a good quality of life at an affordable price. The cost of living in this small town is well below average compared to other parts of the country making it a great place to call home.
Osakis has an unemployment rate of 4.1%. The US average is 6.0%.
Osakis has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Osakis
- The Sales Tax Rate for Osakis is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Osakis 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 Osakis
- The average income of a Osakis resident is $21,215 a year. The US average is $28,555 a year.
- The Median household income of a Osakis resident is $46,290 a year. The US average is $69,021 a year.