Sacred Heart, MN (56285) is a small town located in Renville County that offers a desirable lifestyle for its residents. The average 2 bedroom rent of $840 is much less than the US average of $1,430. This affordability allows for more disposable income which can be used for leisure activities or investments. The cost index on groceries is also lower than the US average at 94, leaving more money in the pockets of local citizens.
Sacred Heart is also home to many local companies such as Sacred Heart Ag Supply Inc., Southfork Liquor Store & Grill, and Christensen Plumbing and Heating. These businesses provide valuable services to communities within Sacred Heart as well as its surrounding areas.
In conclusion, Sacred Heart, MN (56285) is an ideal location for someone looking for affordable living expenses while still enjoying the benefits of having local businesses available when needed.
Sacred Heart (zip 56285) has an unemployment rate of 5.9%. The US average is 6.0%.
Sacred Heart (zip 56285) has seen the job market increase by 6.7% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Sacred Heart (zip 56285)
- The Sales Tax Rate for Sacred Heart (zip 56285) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Sacred Heart (zip 56285) 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 Sacred Heart (zip 56285)
- The average income of a Sacred Heart (zip 56285) resident is $24,461 a year. The US average is $28,555 a year.
- The Median household income of a Sacred Heart (zip 56285) resident is $70,688 a year. The US average is $69,021 a year.