Twin Lakes township, MN Economy


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United States / Minnesota / No Metro Area / Mahnomen County / Twin Lakes township / Zip Codes
Twin Lakes Township (Mahnomen Cnty), MN is a rural area located in the north-western part of the state. It is home to just over 12,000 residents and offers a peaceful atmosphere. The cost of living is lower than most places in the US with a 2 bedroom rent averaging $840 compared to the national rate of $1,430 and grocery cost index of 92 versus 100 in the US. There are many great local companies in Twin Lakes Township including Mahnomen County Care Facility for seniors and disabled adults, White Earth Tribal Industries for job training and employment opportunities, as well as Karmel Insurance Agency which offers coverage for vehicles and homes. Tourists can also visit some attractions such as Evergreen Park & Pool which has an outdoor pool with a waterslide, picnic groves, playgrounds and more; or even Wild Rice Golf Course which is an 18-hole championship golf course.

Twin Lakes township has an unemployment rate of 8.1%. The US average is 6.0%.

Twin Lakes township has seen the job market decrease by -12.6% over the last year. Future job growth over the next ten years is predicted to be 23.0%, which is lower than the US average of 33.5%.

Tax Rates for Twin Lakes township
- The Sales Tax Rate for Twin Lakes township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Twin Lakes township 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 Twin Lakes township
- The average income of a Twin Lakes township resident is $13,241 a year. The US average is $37,638 a year.
- The Median household income of a Twin Lakes township resident is $35,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTwin Lakes township, MinnesotaUnited States
  8.16
  -12.6%-6.2%
  23.0%33.5%
  6.9%6.2%
  7.1%4.6%
  $13,241$37,638
  $35,500$69,021
  $35,750$85,028
  Population by Occupation
  3.6%1.2%
  0.0%0.5%
  10.2%6.8%
  1.0%10.0%
  1.5%2.5%
  1.5%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  2.5%1.9%
  0.5%7.6%
  0.0%0.1%
  0.0%4.2%
  11.7%9.3%
  26.9%14.0%
  19.8%2.1%
  4.1%7.0%
  1.5%4.8%
  15.2%4.7%
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