Nett Lake, Minnesota is a small community in northern Minnesota with a population of around 449 people. It is a peaceful and tranquil town surrounded by towering pine trees and fresh waters from nearby Nett Lake. Nett Lake is home to several local businesses including the Nett Lake Store, Sundog Computer Solutions, Peacock Construction, and The Red Healing Lodge. These businesses provide some much-needed amenities to the residents of Nett Lake such as groceries, computer repairs, construction materials, and holistic healing services. The local store offers fresh produce and other everyday items for those living in the area while Sundog Computer Solutions provides all hardware and software needs for computers. Peacock Construction provides high quality building materials to renovate or construct new homes within the community while The Red Healing Lodge offers traditional Anishinaabe healing approaches to help those dealing with physical or mental health issues. Together these businesses provide essential services to the citizens of Nett Lake helping them live comfortable lives in their rural community.
Nett Lake (zip 55772) has an unemployment rate of 4.8%. The US average is 6.0%.
Nett Lake (zip 55772) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Nett Lake (zip 55772)
- The Sales Tax Rate for Nett Lake (zip 55772) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Nett Lake (zip 55772) 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 Nett Lake (zip 55772)
- The average income of a Nett Lake (zip 55772) resident is $14,212 a year. The US average is $37,638 a year.
- The Median household income of a Nett Lake (zip 55772) resident is $0 a year. The US average is $69,021 a year.