Is Big Lake, Minnesota a Good Place To Live? - Living In Big Lake, MN
Is Big Lake, Minnesota a good place to live?
Big Lake is a city in Minnesota state in USA with a population of 11085 residents..
The poverty rate of Big Lake is 4.7%, which is 66% lower than national average.
The typical household in Big Lake earns $88569 a year, compared to the national median of $67,500.
Nearly 22.4% of households earn less than $50,000 a year compared to 39% national rate.
A high school education is a basic prerequisite for most jobs, and in Big Lake, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Big Lake remained 0.9%, which is 81% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Big Lake, only 28% of adults have a bachelor's degree and 38% have some college but no degree.
Cost of living in Big Lake is 103, which is 3% higher than national average. Median home value in Big Lake is $209900 , which is 9% lower than national average. While median income in Big Lake remained $88569, which is 31% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
A high school education is a basic prerequisite for most jobs, and in Big Lake, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Big Lake remained 0.9%, which is 81% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Big Lake, only 28% of adults have a bachelor's degree and 38% have some college but no degree.
Cost of living in Big Lake is 103, which is 3% higher than national average. Median home value in Big Lake is $209900 , which is 9% lower than national average. While median income in Big Lake remained $88569, which is 31% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
11085
Unemployment
0.9%
Poverty
4.7%
Overall Score
9.5
Median Home Cost
$209900
9%
NAT AVG.
Median Income
$88569
31%
NAT AVG.
Median Rent
$1162
0%
NAT AVG.
Cost Of Living
103
3%
NAT AVG.
People Living BPL
1 in 21
Unemployed People
1 in 111
People Earning < $10,000
1 in 143
People Earning < $50,000
22.4%
People with <= High School
1 in 2.9
People With Any Degree
1 in 2.4
Pros & Cons Overview
Jobs90%
Housing85%
Affordability85%
Safety85%
Amenities80%
Diversity50%
Education85%
Commute40%
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