Lake, MN County is a great place to live and work. It has a population of around 10,000 people. Rent for a two-bedroom apartment in the area is quite affordable at $1,000, which is much cheaper than the US average of $1,430. Groceries are also inexpensive - with a grocery cost index of 99 compared to 100 in the US. There are many local businesses in the area ranging from restaurants and cafes to retail stores and banks. Popular establishments include Lakeview Cafe & Restaurant, The Corner Store, Lakeland Bank and The Local Boutique. All these businesses provide quality services to locals and visitors alike.
Lake County has an unemployment rate of 5.1%. The US average is 6.0%.
Lake County has seen the job market increase by 5.1% 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 Lake County
- The Sales Tax Rate for Lake County is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Lake 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 Lake County
- The average income of a Lake County resident is $28,058 a year. The US average is $28,555 a year.
- The Median household income of a Lake County resident is $66,828 a year. The US average is $69,021 a year.