Pelican Lake, MN is a great place to live with its small-town feel and affordable cost of living. The average rent for a two-bedroom home is $900 per month, which is significantly lower than the national average of $1,430. Not only is housing more affordable in Pelican Lake, but so are groceries; the Grocery Cost Index is 98 compared to 100 nationally. This makes it easier for residents to make ends meet. There are plenty of local businesses to choose from in Pelican Lake if you're looking for employment; some notable companies include H&H Manufacturing, D&S Electric Company, and Pelican Constructors. All in all, Pelican Lake provides an excellent quality of life without breaking the bank.
Pelican Lake has an unemployment rate of 5.4%. The US average is 6.0%.
Pelican Lake has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 22.4%, which is lower than the US average of 33.5%.
Tax Rates for Pelican Lake
- The Sales Tax Rate for Pelican Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Pelican 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 Pelican Lake
- The average income of a Pelican Lake resident is $37,048 a year. The US average is $28,555 a year.
- The Median household income of a Pelican Lake resident is $78,906 a year. The US average is $69,021 a year.