Minneapolis, Minnesota 

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Economy in Minneapolis, Minnesota

Minneapolis has an unemployment rate of 2.5%. The US average is 3.9%.

Minneapolis 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 36.7%, which is higher than the US average of 33.5%.

Tax Rates for Minneapolis
- The Sales Tax Rate for Minneapolis is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Minneapolis 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 Minneapolis
- The average income of a Minneapolis resident is $32,232 a year. The US average is $28,555 a year.
- The Median household income of a Minneapolis resident is $50,767 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYMinneapolis, MinnesotaUnited States
  2.5%3.9%
  1.8%1.6%
  36.7%33.5%
  8.0%7.3%
  7.1%4.6%
  $35,259$31,177
  $55,720$57,652
  $78,227$70,850
  POPULATION BY OCCUPATION
  0.4%1.3%
  0.0%0.6%
  2.8%6.2%
  8.5%10.4%
  2.1%2.7%
  10.4%11.6%
  3.0%4.1%
  0.4%0.9%
  2.4%2.1%
  6.2%4.7%
  1.8%1.9%
  10.5%6.7%
  0.2%0.1%
  4.5%4.3%
  12.5%9.3%
  14.2%13.8%
  3.3%2.2%
  9.5%7.4%
  4.6%4.9%
  2.5%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Minneapolis    147 Reviews
    All there is to know about MN from living there - 7/19/2019
    July 19 2019: Heat Index 107 F December 29 2017: "Feels like" -23... Read More

    Start Your Review of Minneapolis


    Honest Opinion from an Outsider - 6/14/2019
    Pros: Instagram worthy skyline, Multiple small- to medium-size Fortune 500 companies (money and jobs); Intermodal transit; Affordable housing; Decent education (primary... Read More

    Challenging place, but possibly worth it. - 6/27/2018
    Disclaimer - yes I am a transplant, from another smaller midwestern city. Minnesota is not a place you just casually move to, you must think hard about here. Let's get... Read More


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    MAPS OF MINNEAPOLIS, MINNESOTA
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Minneapolis,Minnesota Map
    ZIP CODES IN MINNEAPOLIS, MINNESOTA
    55407, 55406, 55414, 55408, 55411, 55418, 55404, 55419, 55417, 55412, ... 21 more

    NEW LISTINGS IN MINNEAPOLIS
    $259,900
    6020 10th Ave S
    Bed 3 | Bath 2

    $375,000
    212 W 48th St
    Bed 3 | Bath 1

    $219,900
    5632 Pennsylvania Ave N
    Bed 4 | Bath 2

    $265,000
    3118 116th Ln NW
    Bed 4 | Bath 2

    $579,900
    3734 Edmund Blvd
    Bed 3 | Bath 3

    $485,000
    3724 Quebec Ave S
    Bed 4 | Bath 4

    $229,900
    2506 Meridian Dr
    Bed 2 | Bath 2


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