Two Harbors, MN Economy


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United States / Minnesota / No Metro Area / Lake County / Two Harbors / Zip Codes
Two Harbors, MN is a small city located on the North Shore of Lake Superior. It is a popular tourist destination due to its picturesque views and access to outdoor activities such as hiking and fishing. The average rent for a two bedroom apartment is $950, which is much lower than the national average of $1,430. Furthermore, grocery costs in Two Harbors are also below the national index of 100, making it an attractive place to settle down. There are many local businesses and attractions that make living in Two Harbors enjoyable. Popular local restaurants include Clyde's Drive-In, Boomers Bar & Grill, and Black Woods Restaurant & Bar. Outdoor adventures can be found at Gooseberry Falls State Park and Split Rock Lighthouse State Park. Other local attractions are the Lake Superior Zoo and the Great Lakes Aquarium.

Two Harbors has an unemployment rate of 5.1%. The US average is 6.0%.

Two Harbors has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.

Tax Rates for Two Harbors
- The Sales Tax Rate for Two Harbors is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Two Harbors 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 Two Harbors
- The average income of a Two Harbors resident is $29,219 a year. The US average is $37,638 a year.
- The Median household income of a Two Harbors resident is $54,498 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTwo Harbors, MinnesotaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Two Harbors
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Over 18 years ago

I grew up in Two Harbors Minnesota, i loved it there. The climate there is like other Minnesota cities. Usually very cold in the winter and more of a warmer summer.   More

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