Ten Mile Lake, MN is a small town located in the Minnesota region of the United States. The area has an affordable cost of living, with two bedroom rent averaging $790 compared to the national average of $1,430. In addition, the Grocery Cost Index is lower in Ten Mile Lake at 95 compared to 100 nationally. This makes Ten Mile Lake an attractive option for those who are looking for an affordable home. The town offers a variety of amenities from local businesses such as Northern Lights Bar and Grill, G&J Automotive Specialists, and Ray’s Supermarket. With its low-cost living and various services and amenities, Ten Mile Lake makes an ideal place to call home.
Ten Mile Lake has an unemployment rate of 4.5%. The US average is 6.0%.
Ten Mile Lake has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Ten Mile Lake
- The Sales Tax Rate for Ten Mile Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Ten Mile 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 Ten Mile Lake
- The average income of a Ten Mile Lake resident is $24,100 a year. The US average is $28,555 a year.
- The Median household income of a Ten Mile Lake resident is $83,125 a year. The US average is $69,021 a year.