Platte Lake, MN is a small town located in the Midwest with a population of around 500 people. It's an ideal place for those looking to escape the hustle and bustle of city life because rent for 2-bedroom apartments is much more affordable than the US average at $940 compared to $1,430. The grocery cost index also is lower than the US average at 97 versus 100. There are plenty of local businesses in Platte Lake such as Platte Place Café, Ratcliff Auto Parts, and Grandma's Bakery. Whether you're looking for a relaxed community or just want to save money on rent and groceries, Platte Lake is the perfect place to be.
Platte Lake has an unemployment rate of 6.0%. The US average is 6.0%.
Platte Lake has seen the job market increase by 5.1% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Platte Lake
- The Sales Tax Rate for Platte Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Platte 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 Platte Lake
- The average income of a Platte Lake resident is $20,120 a year. The US average is $28,555 a year.
- The Median household income of a Platte Lake resident is $83,438 a year. The US average is $69,021 a year.