Madison Lake, MN 56063

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 400 500 $10,858 $1,200
(12.5% of returns)
$0
(0% of returns)
$0
$25,000 to $50,000 280 460 $29,761 $2,600
(17.86% of returns)
$5,325
(28.57% of returns)
$5,700
$50,000 to $75,000 210 420 $41,325 $2,800
(33.33% of returns)
$15,833
(28.57% of returns)
$6,728
$75,000 to $100,000 180 450 $48,545 $1,983
(33.33% of returns)
$23,280
(27.78% of returns)
$6,537
$100,000 to $200,000 300 830 $73,783 $6,008
(40% of returns)
$22,271
(23.33% of returns)
$8,028
Over $200,000 100 280 $247,072 $11,428
(70% of returns)
$29,250
(20% of returns)
$11,700
For Zip 1470 2940 $59,825

`

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