Prairie Lake, MN is an ideal place to call home due to its affordable rental prices and low cost of living. With a two bedroom rent averaging $820 , it is significantly lower than the national average of $1,430. Furthermore, the Grocery Cost Index for Prairie Lake is 95 versus 100 in the US which makes food costs more affordable as well. The town has several local companies such as Lake Country Market and First State Bank that provide a great service to the community. In addition to local businesses, Prairie Lake also features plenty of attractions such as Rocky Fork Lake, Eagle Creek Park, and Pee Dee Island Wildlife Refuge where you can explore nature and take in breathtaking views.
Prairie Lake has an unemployment rate of 4.8%. The US average is 6.0%.
Prairie 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 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Prairie Lake
- The Sales Tax Rate for Prairie Lake is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Prairie 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 Prairie Lake
- The average income of a Prairie Lake resident is $27,831 a year. The US average is $28,555 a year.
- The Median household income of a Prairie Lake resident is $65,938 a year. The US average is $69,021 a year.