Sinnott, MN is a small town located in the state of Minnesota. It is known for its affordable rent costs and low overall cost of living. The two bedroom rent in Sinnott is only $800 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index stands at 93 compared to the national average of 100. Popular companies in the area include Amazon Fulfillment Center, Koch Foods Inc., and United Natural Foods Inc. An example of a local business in Sinnott would be K & L Hardware & Feed Store. This independent hardware store offers pet supplies, agricultural products, and other essentials for residential needs.
Sinnott has an unemployment rate of 6.6%. The US average is 6.0%.
Sinnott has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Sinnott
- The Sales Tax Rate for Sinnott is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Sinnott 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 Sinnott
- The average income of a Sinnott resident is $40,447 a year. The US average is $37,638 a year.
- The Median household income of a Sinnott resident is $81,250 a year. The US average is $69,021 a year.