Wahkon, Minnesota is a small town of about 563 people located at the north end of Mille Lacs Lake in Aitkin County. The 2 bedroom rent in Wahkon is $890, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Wahkon is 99 versus 100 for the country as a whole. This means groceries are relatively inexpensive in this area of the state. For those looking to move to Wahkon, there are quite a few local businesses and attractions to enjoy! Local companies include Convinience Plus Hardware Store and Olson's Logging & Tree Service. There are also many natural attractions such as golf courses, nearby lakes and rivers for fishing, plenty of hiking trails and even resorts on Mille Lacs Lake. In short, there's something for everyone who decides to call this small but lively town home!
Wahkon (zip 56386) has an unemployment rate of 7.9%. The US average is 6.0%.
Wahkon (zip 56386) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Wahkon (zip 56386)
- The Sales Tax Rate for Wahkon (zip 56386) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Wahkon (zip 56386) 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 Wahkon (zip 56386)
- The average income of a Wahkon (zip 56386) resident is $31,840 a year. The US average is $37,638 a year.
- The Median household income of a Wahkon (zip 56386) resident is $43,750 a year. The US average is $69,021 a year.