Silver Creek township (Lake County), MN Economy


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United States / Minnesota / No Metro Area / Lake County / Silver Creek township (Lake County) / Zip Codes
Silver Creek township (Lake Cnty), MN is a popular community in the state of Minnesota. The town offers plenty of amenities at an affordable cost - 2 bedroom rent averages at $960 compared to the US average of $1,430. Additionally, grocery costs are approximately 96 versus 100 in the US. There are a number of major employers in Silver Creek township including Lake County Government Center and NECI Information Services. Popular attractions include Spirit Mountain Ski & Snowboard Area and Enger Tower & Park. Other activities in the town include visiting local parks such as Gooseberry Falls State Park and Split Rock Lighthouse State Park or exploring nearby hiking trails like Silver creek trailhead. There is something for everyone to enjoy in Silver Creek township (Lake Cnty), MN

Silver Creek township (Lake County) has an unemployment rate of 5.1%. The US average is 6.0%.

Silver Creek township (Lake County) 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 36.7%, which is higher than the US average of 33.5%.

Tax Rates for Silver Creek township (Lake County)
- The Sales Tax Rate for Silver Creek township (Lake County) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Silver Creek township (Lake County) 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 Silver Creek township (Lake County)
- The average income of a Silver Creek township (Lake County) resident is $40,683 a year. The US average is $37,638 a year.
- The Median household income of a Silver Creek township (Lake County) resident is $77,122 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySilver Creek township (Lake County), MinnesotaUnited States
  5.16
  -7.7%-6.2%
  36.7%33.5%
  7.4%6.2%
  7.1%4.6%
  $40,683$37,638
  $77,122$69,021
  $91,563$85,028
  Population by Occupation
  3.2%1.2%
  5.5%0.5%
  5.8%6.8%
  11.7%10.0%
  1.8%2.5%
  6.6%11.0%
  4.1%4.8%
  2.5%0.8%
  0.9%1.9%
  2.0%4.7%
  2.0%1.9%
  8.9%7.6%
  0.0%0.1%
  0.6%4.2%
  7.1%9.3%
  13.7%14.0%
  0.5%2.1%
  12.9%7.0%
  3.8%4.8%
  6.3%4.7%
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