Perch Lake, MN is a small but vibrant town with plenty of local companies and amenities. The cost of living is quite reasonable, with 2-bedroom rents coming in at $1,160 per month versus $1,430 per month in the US. Additionally, the grocery cost index for this area is 97, which is lower than the US average of 100. Local companies in Perch Lake include Jones Hardware Store, Michelle's Clothing Boutique, and Green Meadows Farm Market. Amenity-wise, residents can enjoy outdoor activities at nearby Fishy Creek Park as well as visiting the Perch Lake Historical Museum to learn about the area's history.
Perch Lake has an unemployment rate of 5.3%. The US average is 6.0%.
Perch Lake has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Perch Lake
- The Sales Tax Rate for Perch Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Perch 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 Perch Lake
- The average income of a Perch Lake resident is $26,691 a year. The US average is $28,555 a year.
- The Median household income of a Perch Lake resident is $66,848 a year. The US average is $69,021 a year.