Located in Crane Lake, MN (zip code 55725), the average 2 Bedroom rent is $980. This is significantly lower than the US average of $1,430 for the same type of living space. Grocery Cost Index in Crane Lake is 105 versus 100 in the US. The local economy is supported by many nearby companies such as Voyageur Foods, North American Bear Center, and Chilly Dogs. These businesses provide a variety of goods and services to residents in the area. Additionally, there are many small businesses including restaurants and small stores that offer more shopping options for locals. With its relatively low cost of living and wide array of businesses available, Crane Lake offers a great option for those looking to live near Minnesota's north shore.
Crane Lake (zip 55725) has an unemployment rate of 4.8%. The US average is 6.0%.
Crane Lake (zip 55725) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Crane Lake (zip 55725)
- The Sales Tax Rate for Crane Lake (zip 55725) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Crane Lake (zip 55725) 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 Crane Lake (zip 55725)
- The average income of a Crane Lake (zip 55725) resident is $44,978 a year. The US average is $28,555 a year.
- The Median household income of a Crane Lake (zip 55725) resident is $58,750 a year. The US average is $69,021 a year.