Sinclair, MN is a small town located in Minnesota with a population of only 500 people. The median rent for a two bedroom apartment in Sinclair is significantly lower than the national average, at $800 compared to $1,430. Local businesses such as the Sinclair Grocery Store have also done their part in making life more affordable for its residents, offering items at 5% less than the national average cost index. For those looking for an affordable place to live and seeking out small-town charm, Sinclair is a great option compared to larger cities like Minneapolis or St. Paul. Not only is it cheaper but there are also many local businesses and organizations that make up the community here such as Happy Paws Veterinary Clinic, Lily Lake Resort and Campground, and Watson Farm Center.
Sinclair has an unemployment rate of 8.7%. The US average is 6.0%.
Sinclair has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Sinclair
- The Sales Tax Rate for Sinclair is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Sinclair 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 Sinclair
- The average income of a Sinclair resident is $30,526 a year. The US average is $28,555 a year.
- The Median household income of a Sinclair resident is $68,333 a year. The US average is $69,021 a year.