55612 Lutsen, MN is a small town located on the North Shore of Lake Superior. The median 2 bedroom rent in this area is $870, which is substantially lower than the national average of $1,430. The grocery cost index for this area also stands at 102 versus 100 in the US, providing evidence that food costs are slightly higher in this region. Local businesses offer residents and visitors alike a variety of services and products to meet their needs. Popular companies within the area include Voyageur Brewing Co., Lutsen Resort, and Northern Lights Trading Co. At Voyageur Brewery, guests can enjoy a variety of craft beers brewed on site and take home a growler or two to share with friends. At Lutsen Resort, guests can find comfortable lodging options ranging from cabins to condo units for an unforgettable stay near Lake Superior. And finally at Northern Lights Trading Co., customers can find locally made clothes, jewelry, gifts and souvenirs to bring back home with them as mementos from their travels.
Lutsen (zip 55612) has an unemployment rate of 7.4%. The US average is 6.0%.
Lutsen (zip 55612) has seen the job market increase by 12.9% over the last year. Future job growth over the next ten years is predicted to be 55.5%, which is higher than the US average of 33.5%.
Tax Rates for Lutsen (zip 55612)
- The Sales Tax Rate for Lutsen (zip 55612) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Lutsen (zip 55612) 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 Lutsen (zip 55612)
- The average income of a Lutsen (zip 55612) resident is $31,123 a year. The US average is $28,555 a year.
- The Median household income of a Lutsen (zip 55612) resident is $75,380 a year. The US average is $69,021 a year.