Shingobee, MN Economy


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Shingobee, MN is a small town located in the northwest of Minnesota. It is a great place for those looking to enjoy a peaceful lifestyle. Rent for 2 bedrooms here is considerably lower than the US average, with $820 compared to $1,430. The grocery cost index in Shingobee is also much lower than the national average, coming in at 98 out of 100.
Shingobee has plenty of local companies and attractions that draw locals and visitors alike. Popular restaurants include Big Bite BBQ & Brewhouse and Three Bears Bar & Grill, while local stores selling everything from apparel to outdoor gear are located at The Pole Barn Mall and Shingobee Outlet. For those looking for something more outdoorsy, hikers can explore Bear's Den State Park or visit nearby parks like Lake Sturgeon Conservation Area and Horseshoe Chain of Lakes County Park.

Shingobee has an unemployment rate of 8.4%. The US average is 6.0%.

Shingobee has seen the job market increase by 9.2% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.

Tax Rates for Shingobee
- The Sales Tax Rate for Shingobee is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Shingobee 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 Shingobee
- The average income of a Shingobee resident is $31,497 a year. The US average is $28,555 a year.
- The Median household income of a Shingobee resident is $74,167 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyShingobee, MinnesotaUnited States
  8.46
  -5.2%-6.2%
  51.3%33.5%
  7.4%6.2%
  7.1%4.6%
  $42,572$37,638
  $74,167$69,021
  $88,250$85,028
  Population by Occupation
  4.5%1.2%
  0.0%0.5%
  9.0%6.8%
  5.0%10.0%
  1.7%2.5%
  4.8%11.0%
  2.3%4.8%
  0.0%0.8%
  1.5%1.9%
  9.0%4.7%
  1.7%1.9%
  2.7%7.6%
  0.0%0.1%
  2.8%4.2%
  12.0%9.3%
  12.5%14.0%
  4.7%2.1%
  13.5%7.0%
  3.8%4.8%
  8.3%4.7%
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