Fifty Lakes, Minnesota (Zip code 56448) is a small city located in Crow Wing County. It has a population of just 302 people, making it a peaceful place to live for nature lovers and those looking for an escape from the hustle and bustle of larger cities. This small town is home to several small businesses such as Fifty Lakes Lumber Co., Fifty Lakes Resort & Restaurant, and North Country Hardware. Living in Fifty Lakes is very affordable with a 2-bedroom rent of $1,020 per month, which is significantly lower than the national average of $1,430 per month. Additionally, the Grocery Cost Index here is 101 compared to 100 in the US, meaning food costs are also relatively low when compared nationally.
Fifty Lakes (zip 56448) has an unemployment rate of 6.0%. The US average is 6.0%.
Fifty Lakes (zip 56448) has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Fifty Lakes (zip 56448)
- The Sales Tax Rate for Fifty Lakes (zip 56448) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Fifty Lakes (zip 56448) 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 Fifty Lakes (zip 56448)
- The average income of a Fifty Lakes (zip 56448) resident is $40,343 a year. The US average is $37,638 a year.
- The Median household income of a Fifty Lakes (zip 56448) resident is $65,000 a year. The US average is $69,021 a year.