Lake Crystal, MN (56055) is a small town located in Blue Earth County with a population of over 3,300 people. The average 2 bedroom rent is $1,000 which is significantly lower than the national average of $1,430. Grocery Cost Index in Lake Crystal is 97 compared to 100 in the US.
Lake Crystal offers some local businesses and companies that are worth mentioning. The most popular among them are B&B Grocery Store, Gotta Go Go Galesburg Hardware & Lumber, and Fireplace Place. B&B Grocery Store provides quality locally-sourced produce and specialty goods while Gotta Go Go Galesburg Hardware & Lumber provides hardware and lumber supplies for all your home improvement needs. Fireplace Place specializes in fireplaces and stoves for your home or business. All these stores have been providing excellent services to the community for years.
Lake Crystal (zip 56055) has an unemployment rate of 3.9%. The US average is 6.0%.
Lake Crystal (zip 56055) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 37.2%, which is higher than the US average of 33.5%.
Tax Rates for Lake Crystal (zip 56055)
- The Sales Tax Rate for Lake Crystal (zip 56055) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Lake Crystal (zip 56055) 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 Crystal (zip 56055)
- The average income of a Lake Crystal (zip 56055) resident is $28,750 a year. The US average is $28,555 a year.
- The Median household income of a Lake Crystal (zip 56055) resident is $78,636 a year. The US average is $69,021 a year.