Red Lake, MN County is a great place to live with affordable rent and grocery costs. The average 2 Bedroom Rent in the area sits at $830, much lower than the US average of $1,430. Also, the Grocery Cost Index in Red Lake, MN County is 94 versus 100 in the US. The lower living expenses make this county a desirable place for families and individuals alike. Locally there are many businesses that offer excellent services to the community such as Red River Bank which provides banking services and S&G-Corporation which offers construction machinery rental. Other local businesses include Sweet Home Bakery which provides delicious pastries and Moreland's Garage for car repair services.
Red Lake County has an unemployment rate of 6.0%. The US average is 6.0%.
Red Lake County has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 15.7%, which is lower than the US average of 33.5%.
Tax Rates for Red Lake County
- The Sales Tax Rate for Red Lake County is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Red 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 Red Lake County
- The average income of a Red Lake County resident is $31,555 a year. The US average is $37,638 a year.
- The Median household income of a Red Lake County resident is $62,417 a year. The US average is $69,021 a year.