Lake Park, MN 56554

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 380 500 $10,759 $1,480
(13.16% of returns)
$1,666
(7.89% of returns)
$0
$25,000 to $50,000 310 550 $28,646 $1,940
(16.13% of returns)
$6,357
(22.58% of returns)
$6,200
$50,000 to $75,000 230 520 $38,155 $3,250
(17.39% of returns)
$14,900
(26.09% of returns)
$6,100
$75,000 to $100,000 160 400 $47,053 $3,450
(37.5% of returns)
$22,980
(31.25% of returns)
$7,220
$100,000 to $200,000 220 630 $70,602 $4,962
(36.36% of returns)
$22,871
(31.82% of returns)
$9,161
Over $200,000 40 120 $172,837 $9,550
(50% of returns)
$0
(0% of returns)
$12,800
For Zip 1340 2720 $44,091

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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