St. Louis Park, Minnesota (55426) is located in the Minneapolis-Saint Paul metropolitan area and is a great place to live, work, and play. With a population of nearly 48,000 people, St. Louis Park is known for its local businesses, including Target Corporation’s headquarters and local grocery stores like Cub Foods. The cost of living in St. Louis Park is slightly higher than the national average: 2 Bedroom Rent in St Louis Park is $1,570 compared to $1,430 nationally; while the Grocery Cost Index there is 102 versus 100 across the US. All considered, St. Louis Park offers plenty of amenities with a cost that won't break the bank.
St. Louis Park (zip 55426) has an unemployment rate of 3.5%. The US average is 6.0%.
St. Louis Park (zip 55426) has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for St. Louis Park (zip 55426)
- The Sales Tax Rate for St. Louis Park (zip 55426) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for St. Louis Park (zip 55426) 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 St. Louis Park (zip 55426)
- The average income of a St. Louis Park (zip 55426) resident is $34,063 a year. The US average is $28,555 a year.
- The Median household income of a St. Louis Park (zip 55426) resident is $84,911 a year. The US average is $69,021 a year.