Forest Lake, Minnesota (55025) is a vibrant city with plenty of local companies and amenities. The average two bedroom rent in the area is $1,380 compared to the US average of $1,430. In addition to being very affordable to live in, Forest Lake also has a lower cost of groceries than other parts of the country, with its Grocery Cost Index set at 102 compared to the US average of 100.
The city boasts several local businesses such as Forest Lake Chrysler Jeep Dodge Ram, Knute Nelson Home Care & Hospice Services, and Rheault Farm. For recreation or leisure activities, residents can enjoy trips to Big Marine Park Reserve or Forest Hills Golf Course. There are also shopping opportunities nearby like Walmart Supercenter and Mills Fleet Farm for any needed supplies. Whether it's work or play, Forest Lake has something for everyone!
Forest Lake (zip 55025) has an unemployment rate of 3.9%. The US average is 6.0%.
Forest Lake (zip 55025) 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 36.4%, which is higher than the US average of 33.5%.
Tax Rates for Forest Lake (zip 55025)
- The Sales Tax Rate for Forest Lake (zip 55025) is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Forest Lake (zip 55025) 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 Forest Lake (zip 55025)
- The average income of a Forest Lake (zip 55025) resident is $31,685 a year. The US average is $28,555 a year.
- The Median household income of a Forest Lake (zip 55025) resident is $92,675 a year. The US average is $69,021 a year.