Big Lake Township, MN is a small but vibrant community. The average two bedroom rent is significantly lower than in the US, only $1,290 compared to the national average of $1,430. The grocery cost index in Big Lake Township is also lower than in the US, coming in at 101 compared to 100. The lower cost of living makes Big Lake an attractive destination for those looking for a more affordable place to live without sacrificing quality of life. An abundance of local businesses such as Rick's Repair Service and Paulson Produce provide employment opportunities and give residents access to necessary goods and services. There are also numerous recreational activities available in the area such as hiking trails and nearby lakes for fishing.
Big Lake township has an unemployment rate of 4.9%. The US average is 6.0%.
Big Lake township has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Big Lake township
- The Sales Tax Rate for Big Lake township is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Big Lake 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 Big Lake township
- The average income of a Big Lake township resident is $46,718 a year. The US average is $37,638 a year.
- The Median household income of a Big Lake township resident is $119,111 a year. The US average is $69,021 a year.