Three Lakes, MN is a small town located in Minnesota. It has many amenities including shops, restaurants and parks. The average 2 bedroom rent in Three Lakes is $750 per month which is more affordable than the US average of $1,430. Additionally, the Grocery Cost Index in Three Lakes is 94 versus 100 in the US which makes it a great place to save money on groceries. The local businesses that are popular in Three Lakes include City Market, Good Times Café & Bakery and Lake Country Lanes. These businesses provide quality services and goods for people who live or visit Three Lakes. Overall, Three Lakes is an affordable town with a variety of businesses that can satisfy locals and visitors alike.
Three Lakes has an unemployment rate of 5.5%. The US average is 6.0%.
Three Lakes has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 5.0%, which is lower than the US average of 33.5%.
Tax Rates for Three Lakes
- The Sales Tax Rate for Three Lakes is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Three Lakes 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 Three Lakes
- The average income of a Three Lakes resident is $39,422 a year. The US average is $28,555 a year.
- The Median household income of a Three Lakes resident is $56,667 a year. The US average is $69,021 a year.