Located in central Minnesota, the small city of Lake Lillian has a population of just 56253 people. This small town is known for its peaceful atmosphere and natural beauty. The cost of living is relatively low; two bedroom rent stands at just $840 compared to $1,430 nationally and grocery costs are 96 compared to 100 in the US. There are many local businesses providing goods and services such as retail stores, bars, restaurants, and professional services like medical practices and law firms. People come from near and far to enjoy the great outdoors with many local parks offering recreational activities such as fishing, boating, camping, and hiking. Overall Lake Lillian is an ideal place to call home in central Minnesota.
Lake Lillian (zip 56253) has an unemployment rate of 4.9%. The US average is 6.0%.
Lake Lillian (zip 56253) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Lake Lillian (zip 56253)
- The Sales Tax Rate for Lake Lillian (zip 56253) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lake Lillian (zip 56253) 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 Lake Lillian (zip 56253)
- The average income of a Lake Lillian (zip 56253) resident is $34,385 a year. The US average is $37,638 a year.
- The Median household income of a Lake Lillian (zip 56253) resident is $63,462 a year. The US average is $69,021 a year.