Lake Benton, MN is a peaceful town nestled in the rolling hills of Minnesota. With a population of just 476 people, Lake Benton offers an idyllic lifestyle away from the hustle and bustle of the big cities. The median two bedroom rent for apartments in Lake Benton is $820 which is slightly lower than the US median rent of $1,430. Grocery costs in Lake Benton are also rather attractive compared to other areas in the United States with a Grocery Cost Index of 96 instead of 100.
Locals love spending time outdoors fishing on one of the nearby lakes or walking along its scenic trails. Nature lovers enjoy visiting nearby parks such as Buffalo Ridge State Park and Big Stone National Wildlife Refuge for outdoor activities like camping, bird watching and kayaking. For those who enjoy shopping there are local stores like John’s Market and Renner’s General Store while those wanting something more adventurous can visit the nearby city of Sioux Falls for professional sports games or concerts at its entertainment venues.
Lake Benton (zip 56149) has an unemployment rate of 5.7%. The US average is 6.0%.
Lake Benton (zip 56149) has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Lake Benton (zip 56149)
- The Sales Tax Rate for Lake Benton (zip 56149) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lake Benton (zip 56149) 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 Benton (zip 56149)
- The average income of a Lake Benton (zip 56149) resident is $30,539 a year. The US average is $37,638 a year.
- The Median household income of a Lake Benton (zip 56149) resident is $61,111 a year. The US average is $69,021 a year.