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Detroit Lakes
Detroit Lakes
Minnesota
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Detroit Lakes is a city in the State of Minnesota and the county seat of Becker County. The population was 8,569 at the 2010 census. Its unofficial population during summer months is much higher, estimated by citizens to peak at 13,000 midsummer, due to seasonal residents and tourists. U.S. Highways 10 and 59, and Minnesota State Highway 34 serve as the primary routes through the city. Detroit Lakes is located 45 miles east of the Fargo–Moorhead ND-MN statistical metropolitan area. The nearest major metropolitan area with a population over 300,000 is Minneapolis–Saint Paul, which is approximately 205 miles southeast of Detroit Lakes. Detroit Lakes is a regional summer and winter recreation destination, attracting large numbers of tourists and seasonal residents each year. Its economy is fueled by seasonal population increases, with tourism being the area's chief industry along with agriculture.

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Taxes

D

How did Minnesota earn the grade of D? We examined the state taxes based on how age friendly they are. Minnesota has a state sales tax of 6.88%. Of particular interest is that Minnesota does have taxes on social security. There are estate taxes. There are no taxes imposed on inheritance. Minnesota has an effective property tax rate of 1.17%. Weighing these taxes and other taxes most likely to impact the aging population is how Minnesota earned its state tax grade of D.

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