Minneapolis, Minnesota 

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Economy in Minneapolis, Minnesota

Minneapolis has an unemployment rate of 3.7%. The US average is 5.2%.

Minneapolis has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 38.0%.

Tax Rates for Minneapolis
- The Sales Tax Rate for Minneapolis is 7.8%. The US average is 6.0%.
- The Income Tax Rate for Minneapolis is 7.1%. The US average is 4.6%.

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

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  ECONOMYMinneapolis, MinnesotaUnited States
  Unemployment Rate3.7%5.2%
  Recent Job Growth1.2%1.6%
  Future Job Growth38.8%38.0%
  Sales Taxes7.8%6.0%
  Income Taxes0.07050.046
  Income per Cap.$32,232$28,555
  Household Income$50,767$53,482
  Family Median Income$68,513$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.4%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction2.8%6.2%
  Manufacturing8.5%10.4%
  Wholesale trade2.1%2.7%
  Retail trade10.4%11.6%
  Transportation and warehousing3.0%4.1%
  Utilities00
  Information2.4%2.1%
  Finance and insurance6.2%4.7%
  Real estate, rental, leasing1.8%1.9%
  Professional, scientific, technical services10.5%6.7%
  Management of companies0.2%0.1%
  Administrative, support, waste mgt svcs4.5%4.3%
  Educational services12.5%9.3%
  Health care and social assistance14.2%13.8%
  Arts, entertainment, recreation3.3%2.2%
  Accommodation, food services9.5%7.4%
  Other services4.6%4.9%
  Public administration2.5%4.8%
ECONOMY MAP
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    Reviews for Minneapolis    145 Reviews
    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

    Start Your Review of Minneapolis


    VERY, VERY, VERY underrated - 6/6/2018
    I absolutely LOVE this city! And would put this in my Top 10 cities in the country easily... No order: -New York - Los Angelos - Washington DC - Chicago -... Read More

    It’s probably you not them - 5/2/2018
    Having read the negative reviews of Minneapolis residents, I can say the poster’s should take a good long look at themselves.... I lived in the twin cities area for... Read More


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    MAPS OF MINNEAPOLIS, MINNESOTA
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    ZIP CODES IN MINNEAPOLIS, MINNESOTA

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