Baudette, Minnesota is a small town located in Lake of the Woods County with a population of 566 23. This rural area offers a low cost of living compared to other areas in the United States. The average 2 bedroom rent in this area is $930, while US average is $1,430. In addition to affordable housing, the grocery cost index in Baudette is 98 compared to 100 for the US.
The local economy consists mainly of tourism due to its proximity to popular fishing lakes such as Rainy Lake and Lake of the Woods. There are also some smaller businesses such as Baudette Pharmacy, Paddlefish Charters, and Northern Outdoors Resort & Lodge that operate in town. If you're looking for an area with a slower pace of life and lower costs than major cities then Baudette could be a great option for you.
Baudette (zip 56623) has an unemployment rate of 4.4%. The US average is 6.0%.
Baudette (zip 56623) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 16.5%, which is lower than the US average of 33.5%.
Tax Rates for Baudette (zip 56623)
- The Sales Tax Rate for Baudette (zip 56623) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Baudette (zip 56623) 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 Baudette (zip 56623)
- The average income of a Baudette (zip 56623) resident is $22,969 a year. The US average is $28,555 a year.
- The Median household income of a Baudette (zip 56623) resident is $56,827 a year. The US average is $69,021 a year.