Star Lake, MN is a small town located in the northern part of the state with a population that is estimated to be around 2,000 people. The rent for a two-bedroom apartment is considerably lower than the national average at $850, and the grocery cost index is higher at 101 compared to 100 in the US. Despite its small size, Star Lake is home to many businesses including D&S Farm Equipment and Supply, Petersons Pizzeria, Hometown Hardware Store, and North Shore Bakery. These small businesses contribute significantly to the economy of Star Lake by providing employment opportunities and valuable services to residents.
Star Lake has an unemployment rate of 5.3%. The US average is 6.0%.
Star Lake has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Star Lake
- The Sales Tax Rate for Star Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Star 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 Star Lake
- The average income of a Star Lake resident is $27,253 a year. The US average is $28,555 a year.
- The Median household income of a Star Lake resident is $62,500 a year. The US average is $69,021 a year.