Big Lake CDP in Minnesota is an attractive place to live, especially due to its competitive cost of living. The 2-bedroom rent in this region is $1,160 which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Big Lake CDP stands at 97 compared to 100 in the US. Local companies such as Big Lake Meats, Norstar Bank and JEOS Technologies provide a wide range of employment opportunities within the region. The cost of living also remains affordable with basic amenities conveniently available throughout the area.
Big Lake CDP (Carlton County) has an unemployment rate of 5.3%. The US average is 6.0%.
Big Lake CDP (Carlton County) has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Big Lake CDP (Carlton County)
- The Sales Tax Rate for Big Lake CDP (Carlton County) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Big Lake CDP (Carlton County) 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 Big Lake CDP (Carlton County)
- The average income of a Big Lake CDP (Carlton County) resident is $38,688 a year. The US average is $37,638 a year.
- The Median household income of a Big Lake CDP (Carlton County) resident is $66,458 a year. The US average is $69,021 a year.