Sacred Heart, MN is a small town located in central Minnesota with a population of around 3,500 people. It offers an ideal place to call home for those looking for an affordable and peaceful lifestyle. Rent for a two-bedroom apartment in the area is $810 per month, much lower than the US average of $1,430. The grocery cost index in Sacred Heart is 94 versus 100 in the US, making food more affordable here as well. The city has many local businesses including the Hudetz Hardware Store, Sacred Heart Bakery and Cafe, Washington Street Diner & Tavern and more. All these businesses offer unique services to residents and visitors alike that help make this town such a desirable place to live.
Sacred Heart has an unemployment rate of 5.9%. The US average is 6.0%.
Sacred Heart has seen the job market increase by 6.7% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Sacred Heart
- The Sales Tax Rate for Sacred Heart is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Sacred Heart is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Sacred Heart
- The average income of a Sacred Heart resident is $17,767 a year. The US average is $28,555 a year.
- The Median household income of a Sacred Heart resident is $53,466 a year. The US average is $69,021 a year.