Sleepy Eye, MN is a small city in the Midwest region with a population of approximately 3,500 people. It is located between two major cities - Minneapolis and St. Paul - and offers many amenities to its residents. The cost of living in Sleepy Eye is very affordable with the average 2 bedroom rent being only $940 per month compared to the US average of $1430. Additionally, the grocery cost index for Sleepy Eye is 97 compared to 100 in the US. This makes it an attractive place to live for those looking for a less expensive place to call home.
Sleepy Eye has many local companies and resources available including banks, educational institutions, health care facilities, restaurants, parks, libraries and much more. Some popular local businesses include Sleepy Eye Public Schools, Citizens State Bank & Trust Co., Sanford Health Care System, State Street Cafe & Bakery, Hermann Heights Park and Immanuel Lutheran Church. All these businesses provide valuable services to the community and contribute to making Sleepy Eye an ideal place to call home.
Sleepy Eye has an unemployment rate of 4.8%. The US average is 6.0%.
Sleepy Eye has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Sleepy Eye
- The Sales Tax Rate for Sleepy Eye is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Sleepy Eye 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 Sleepy Eye
- The average income of a Sleepy Eye resident is $23,778 a year. The US average is $28,555 a year.
- The Median household income of a Sleepy Eye resident is $56,700 a year. The US average is $69,021 a year.