Ten Lake, Minnesota is a great place to live for those looking for affordable rent. The average two bedroom rent in Ten Lake is only $910, while the U.S. average two bedroom rent is $1,430 -- making it nearly 40% cheaper than the national average. On top of that, grocery costs are also more affordable in Ten Lake with a Grocery Cost Index score of 95 versus 100 in the rest of the country. The city has many local amenities such as restaurants like Kettle River Cafe & Pub and Grethel's American Diner as well as plenty of shopping at stores like Walmart Supercenter and Northwoods Liquor Store. With so much to offer at an affordable cost, Ten Lake could be a great place to call home.
Ten Lake has an unemployment rate of 5.1%. The US average is 6.0%.
Ten Lake has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Ten Lake
- The Sales Tax Rate for Ten Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Ten 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 Lake
- The average income of a Ten Lake resident is $19,947 a year. The US average is $28,555 a year.
- The Median household income of a Ten Lake resident is $59,500 a year. The US average is $69,021 a year.