Mille Lacs, MN County is a great place to live with many local businesses and amenities. The average two-bedroom rent in Mille Lacs is only $1,000 per month which is much lower than the national average of $1,430. This makes it an attractive place to live for those looking to save on their housing costs. Additionally, the grocery cost index in Mille Lacs 97 compared to 100 in the US, making groceries more affordable as well. Local companies in Mille Lacs include Mid-Minnesota Federal Credit Union, Lake Country Power, SuperAmerica and Grand Casino Mille Lacs. With lower rent prices and a favorable grocery cost index, Mille Lacs has a low cost of living that appeals to many people looking for affordable living options.
Mille Lacs County has an unemployment rate of 7.9%. The US average is 6.0%.
Mille Lacs County has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Mille Lacs County
- The Sales Tax Rate for Mille Lacs County is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Mille Lacs 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 Mille Lacs County
- The average income of a Mille Lacs County resident is $23,510 a year. The US average is $28,555 a year.
- The Median household income of a Mille Lacs County resident is $61,995 a year. The US average is $69,021 a year.