Zip 56458 (Lake George, MN) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
United States / Minnesota / No Metro Area / Hubbard County / No City / Lake George (zip 56458)
56458 Lake George, MN is a great place for those looking for an affordable living situation. The average 2 bedroom rent is $900, much lower than the US average of $1,430. In addition, the Grocery Cost Index in this area is 99 versus 100 in the US, so residents can expect to save money on their everyday necessities. Those interested in researching two bedroom apartment rent prices in 56458 Lake George should start by visiting local companies like Renters Warehouse and Richfield Bloomington Housing Authority. Both organizations have extensive listings of available apartments on their websites as well as experienced staff members who can provide further assistance.

Lake George (zip 56458) has an unemployment rate of 6.1%. The US average is 6.0%.

Lake George (zip 56458) has seen the job market increase by 6.6% over the last year. Future job growth over the next ten years is predicted to be 45.6%, which is higher than the US average of 33.5%.

Tax Rates for Lake George (zip 56458)
- The Sales Tax Rate for Lake George (zip 56458) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Lake George (zip 56458) 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 George (zip 56458)
- The average income of a Lake George (zip 56458) resident is $25,231 a year. The US average is $28,555 a year.
- The Median household income of a Lake George (zip 56458) resident is $61,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLake George, MinnesotaUnited States
  6.16
  -2.5%-6.2%
  45.6%33.5%
  7.4%6.2%
  7.1%4.6%
  $31,014$37,638
  $61,250$69,021
  $60,833$85,028
  Population by Occupation
  2.1%1.2%
  1.1%0.5%
  22.2%6.8%
  6.3%10.0%
  5.3%2.5%
  20.1%11.0%
  6.9%4.8%
  0.0%0.8%
  0.0%1.9%
  3.2%4.7%
  0.0%1.9%
  1.6%7.6%
  0.0%0.1%
  2.1%4.2%
  4.8%9.3%
  9.0%14.0%
  3.2%2.1%
  2.6%7.0%
  3.7%4.8%
  5.8%4.7%
Health