Brooklyn Park, MN is an up and coming city in the suburbs of Minneapolis. It is a great place to live for people looking for an easy commute to the city but with lower living costs. The average two bedroom rent in Brooklyn Park, MN is around $1,480 per month which is slightly more than the US average of $1,430. The grocery cost index here is 101 which is just one point higher than the nation's average. There are also several local companies and organizations that have made this part of town their home. These include Caribou Coffee, Bachman's Floral Gift & Garden Center, Cub Foods Grocery Store, North Hennepin Community College, and Brooklyn Park City Hall. With all these amenities, Brooklyn Park has become an attractive destination for those seeking a suburban lifestyle that still offers plenty of job prospects and entertainment opportunities.
Brooklyn Park has an unemployment rate of 5.5%. The US average is 6.0%.
Brooklyn Park 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 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Brooklyn Park
- The Sales Tax Rate for Brooklyn Park is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Brooklyn Park 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 Brooklyn Park
- The average income of a Brooklyn Park resident is $26,508 a year. The US average is $28,555 a year.
- The Median household income of a Brooklyn Park resident is $76,620 a year. The US average is $69,021 a year.