Wolf Lake, MN is a great place to live for those looking for affordable housing. The two-bedroom rent is only $960 compared to the national average of $1,430. Wolf Lake also has a considerably lower grocery cost index than the U.S.; 96 versus 100. Locally, residents in the community can find jobs with companies like Two Harbors Paper Mill or TCS Mining. Wolf Lake also offers quite a few attractions for its inhabitants including a 4th of July celebration at Ruttger’s Bay Lake Lodge and hiking trails along the shore of Wolf Lake.
Wolf Lake has an unemployment rate of 5.3%. The US average is 6.0%.
Wolf Lake has seen the job market decrease by -2.2% 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 Wolf Lake
- The Sales Tax Rate for Wolf Lake is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Wolf 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 Wolf Lake
- The average income of a Wolf Lake resident is $24,691 a year. The US average is $37,638 a year.
- The Median household income of a Wolf Lake resident is $63,750 a year. The US average is $69,021 a year.