Toad Lake, MN is a small town located in the north of Minnesota. With an estimated population of only 500 people, Toad Lake is a quiet and peaceful community that prides itself on its tight-knit community feel. The cost of living in Toad Lake is quite affordable with the average two bedroom rental rates at around $870 compared to the US average of $1,430. Grocery costs are also fairly low at 99 index points versus the US 100 index. Local businesses include popular family restaurants such as ‘The Country Kettle’, art galleries ‘Cameo Art Gallery’, and many antique shops like ‘Toad Town Antiques’. The nearby city of Duluth provides plenty of entertainment options for residents. From parks and trails for outdoor activities to fine dining experiences like 'Mickinney' restaurant, there's something for everyone to enjoy.
Toad Lake has an unemployment rate of 5.3%. The US average is 6.0%.
Toad Lake has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Toad Lake
- The Sales Tax Rate for Toad Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Toad 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 Toad Lake
- The average income of a Toad Lake resident is $19,407 a year. The US average is $28,555 a year.
- The Median household income of a Toad Lake resident is $61,435 a year. The US average is $69,021 a year.