Lake City, MN 55041

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 1240 1620 $10,273 $1,161
(16.94% of returns)
$1,644
(7.26% of returns)
$4,966
$25,000 to $50,000 920 1560 $29,302 $2,052
(18.48% of returns)
$7,113
(25% of returns)
$4,909
$50,000 to $75,000 650 1300 $41,323 $3,020
(30.77% of returns)
$15,714
(32.31% of returns)
$5,021
$75,000 to $100,000 450 1130 $47,889 $2,900
(31.11% of returns)
$20,080
(33.33% of returns)
$6,043
$100,000 to $200,000 560 1570 $70,236 $4,347
(41.07% of returns)
$22,326
(26.79% of returns)
$7,145
Over $200,000 120 300 $200,980 $15,200
(58.33% of returns)
$27,833
(25% of returns)
$9,185
For Zip 3940 7480 $43,145

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Income Tax Rates

Rate Minimum Income Maximum Income
0.0535 0 25890
0.0705 25890 85060
0.0785 85060 160020
0.0985 160020 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0111 19

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.06875 0.0058 0.0746 18