Lincoln, MN County is an area in Minnesota with a cost of living that is below the US average. The average rent for a two bedroom apartment in Lincoln, MN County is $830, while the US average is $1,430. Additionally, the grocery cost index in Lincoln, MN County is 94 versus 100 in the US. This makes it a great place to live for those looking for affordability. Local companies based in Lincoln, MN County include General Mills which produces packaged food products such as breakfast cereals and snacks, and Polaris Inc which manufactures snowmobiles and all-terrain vehicles. Furthermore, there are also several other manufacturing companies located in the county including Red Wing Shoes and Faribault Woolen Mill Company which produce shoes and wool blankets respectively.
Lincoln County has an unemployment rate of 5.7%. The US average is 6.0%.
Lincoln County has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Lincoln County
- The Sales Tax Rate for Lincoln County is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lincoln County 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 Lincoln County
- The average income of a Lincoln County resident is $25,764 a year. The US average is $28,555 a year.
- The Median household income of a Lincoln County resident is $58,621 a year. The US average is $69,021 a year.