Walnut Lake, MN is a great place to live with plenty of attractions and amenities. It has a small population and the rent for a two-bedroom apartment is much lower than the US average, at just $940. This affordability extends to groceries as well; Walnut Lake has a Grocery Cost Index of 93 compared to the US average of 100. There are many popular local businesses in the area such as Walnut Lake Diner and Candy County Boutique. If you're looking for an affordable city with plenty to do, then Walnut Lake might be right for you.
Walnut Lake has an unemployment rate of 5.2%. The US average is 6.0%.
Walnut Lake has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Walnut Lake
- The Sales Tax Rate for Walnut Lake is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Walnut 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 Walnut Lake
- The average income of a Walnut Lake resident is $26,439 a year. The US average is $28,555 a year.
- The Median household income of a Walnut Lake resident is $66,250 a year. The US average is $69,021 a year.