Twin Lakes, MN (56089) is a friendly and vibrant community located in the heart of Minnesota. The cost of living in Twin Lakes is relatively low compared to other areas in the state with two bedroom rent averaging at only $770 a month, significantly lower than the US average of $1,430. This makes Twin Lakes an ideal place for families searching for an affordable place to call home. Local businesses such as Twin Lakes Supermarket, Twin Lakes Hardware & Repair and Twin Lakes Community Center offer residents excellent services and high quality goods at great prices. Overall, Twin Lakes is an attractive community that gives its residents access to all of the essential amenities without breaking their budget.
Twin Lakes (zip 56089) has an unemployment rate of 4.5%. The US average is 6.0%.
Twin Lakes (zip 56089) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Twin Lakes (zip 56089)
- The Sales Tax Rate for Twin Lakes (zip 56089) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Twin Lakes (zip 56089) 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 Twin Lakes (zip 56089)
- The average income of a Twin Lakes (zip 56089) resident is $26,324 a year. The US average is $37,638 a year.
- The Median household income of a Twin Lakes (zip 56089) resident is $48,750 a year. The US average is $69,021 a year.